Joint Venture3 Jul 2026, 09:40 pm
Coal India, UPRVUNL Sign JV for Renewable Energy Projects
AI Summary
Coal India Limited (CIL) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) have signed a Joint Venture (JV) agreement on July 3, 2026, to establish renewable energy projects in Uttar Pradesh. The JV will focus on solar (ground-mounted and floating), pumped storage, and wind projects, along with related power sale activities. The newly formed entity will be a private limited company with an initial paid-up capital of INR 10 lakh and an authorized capital of INR 10 crore. CIL will hold a 51% stake, while UPRVUNL will hold 49%. CIL will nominate the Chairperson and three directors, with UPRVUNL nominating two directors.
Key Highlights
- Coal India and UPRVUNL form JV for renewable energy projects.
- JV to focus on solar, wind, and pumped storage projects.
- CIL to hold 51% stake, UPRVUNL 49% in the new entity.
- Initial paid-up capital set at INR 10 lakh.
- CIL to nominate Chairperson and majority of directors.
Price Impact
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