Joint Ventures27 March 2026 at 12:24 pm
Coal India Ltd. and Damodar Valley Corporation Form Joint Venture: DVC CIL Power Private Limited
AI Summary
Coal India Ltd. and Damodar Valley Corporation have incorporated a Joint Venture Company, DVC CIL Power Private Limited, with Corporate Identification Number U35102WB2026PTC287644. The joint venture will undertake power generation, transmission, and distribution, and will utilize power plant by-products. The cost of subscription is ₹ 3,132.96 Crore, with 50% equity infusion and 70% debt. Coal India Ltd. and Damodar Valley Corporation each hold 50% shares of ₹ 10 each.
Key Highlights
- Coal India Ltd. and Damodar Valley Corporation have formed a Joint Venture Company, DVC CIL Power Private Limited.
- The joint venture will undertake power generation, transmission, and distribution, and will utilize power plant by-products.
- The cost of subscription is ₹ 3,132.96 Crore, with 50% equity infusion and 70% debt.
- Coal India Ltd. and Damodar Valley Corporation each hold 50% shares of ₹ 10 each.
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