Coal India clears renewable JV; board approves multiple investments
Coal India Limited (CIL) has approved the formation of a renewable energy joint venture in Uttar Pradesh, alongside a series of other corporate actions, including a large equity infusion into a gasification subsidiary and the creation of an overseas holding company. As part of its renewable push, CIL will set up a 51:49 joint venture with U.P. Rajya Vidyut Utpadan Nigam Limited (UPRVUNL). The proposed JV, which will be a subsidiary of CIL, will undertake…
