Joint Venture23 Feb 2025, 07:31 pm
Coal India Ltd. and EDF India Private Limited Sign Term Sheet for Joint Venture
AI Summary
Coal India Limited (CIL) and M/s EDF India Private Limited, a wholly owned subsidiary of Electricité de France SA (EDF), have executed a Non-Binding Shareholders Agreement (SHA) Term Sheet on 23 February 2025. The Joint Venture aims to undertake PSP projects along with other renewable energy projects in India and neighboring countries.
Key Highlights
- Coal India Limited and EDF India Private Limited sign a Non-Binding Shareholders Agreement (SHA) Term Sheet
- The Joint Venture aims to undertake PSP projects and other renewable energy projects
- The projects will be based in India and neighboring countries
- EDF India Private Limited is a wholly owned subsidiary of Electricité de France SA
- This is in accordance with Regulation 30 of SEBI LoDR’ 2015