Joint Venture4 Feb 2026, 05:41 pm
Coal India Ltd. Incorporates Joint Venture with UPRVUNL for Renewable Energy Projects in UP
AI Summary
Coal India Ltd. (CIL) has approved the incorporation of a Joint Venture Company (JVC) with U.P. Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) for the development of renewable energy projects in Uttar Pradesh. The JVC will undertake the development, construction, operation, and maintenance of solar, floating solar, PSP, wind, and allied activities in UP and sell power as per applicable law/policies. The JVC will be 51% owned by CIL and 49% by UPRVUNL. The incorporation is subject to approval by the UP Government.
Key Highlights
- Coal India Ltd. and UPRVUNL have formed a Joint Venture Company (JVC)
- The JVC will undertake renewable energy projects in Uttar Pradesh
- The JVC will sell power as per applicable law/policies
- CIL will hold 51% stake in the JVC and UPRVUNL will hold 49%
- The incorporation of the JVC is subject to approval by the UP Government