Coal India Invests ₹22.2 Lakh in Subsidiary Rights Issue

Coal India Limited (CIL) has approved an investment of ₹22,20,000 in the rights issue of its subsidiary, CIL Rajasthan Akshay Urja Limited (CRAUL). CRAUL is a joint venture between CIL and Rajasthan Rajya Vidyut Urja Nigam Limited (RVUNL), focused on developing, constructing, and operating renewable energy projects, including solar and wind power. The investment is for the subscription of 2,22,000 equity shares at ₹10 each. This move aligns with CIL's strategy to expand its renewable energy portfolio. The acquisition is not considered a related party transaction and is expected to be completed within 30 days of the rights issue opening.