COAL INDIA LTD. Signs Joint Venture Agreement with RRVUNL for 2x800 MW Brownfield Thermal Power Project

Coal India Ltd. (CIL) and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) have entered into a Joint Venture Agreement (JVA) for setting up a 2x800 MW Brownfield Thermal Power Project in RRVUNL's Existing Kalisindh Thermal Power Station. The JVC will have an initial paid-up share capital of INR 10,00,000 (INR Ten Lakh only) and a total authorized share capital of INR 10,00,00,000/-(INR Ten crores). The registered office of the JVC will be situated in Jaipur, Rajasthan, India. CIL and RRVUNL will each nominate directors in the JVC. This JVA does not fall under related party transactions as CIL and RRVUNL are Central and State Public Sector Enterprises respectively and are not related to promoter/promoter groups.