CIL backs 875 MW solar project with Rs 3,160 crore guarantee
Coal India Limited (CIL) has approved a corporate guarantee of up to Rs 3,160 crore for CIL Rajasthan Akshay Urja Limited (CRAUL), supporting debt financing for an 875 MW solar PV project in Rajasthan. The approval was granted at the company’s board meeting on March 23, 2026. CRAUL is a joint venture between CIL, which holds a 74% stake, and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL), which holds the remaining 26%. The guarantee will…