Coal India Limited (COALINDIA) — Announcement

📢 Key Event
Coal India signs JV with UPRVUNL for renewable projects in Uttar Pradesh

Coal India Limited announced on July 3, 2026 that it signed a joint venture agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited to establish renewable energy projects in Uttar Pradesh, including solar, floating solar, pumped storage, and wind projects, with plans to sell generated power. The JV will be incorporated as a private limited company with a 51-49 equity split, initial paid-up capital of INR 10 lakh, and authorized capital of INR 10 crore, headquartered in Lucknow. Coal India will nominate three directors and the chairperson, while UPRVUNL will appoint two directors. The partnership aims to expand CIL's renewable energy footprint beyond coal, diversifying revenue streams and positioning the company in India's growing clean energy transition, which could enhance long-term shareholder value through exposure to sustainable infrastructure growth.

📄 View Original Announcement (PDF)

📊 Stock Analysis — COALINDIA ✨ Ask AI About This