Archive · 12 Jun 2025
Coal India Forms Renewable Energy Subsidiary in Rajasthan
Coal India, a big coal company, is starting a new business in Rajasthan to make renewable energy like solar and wind power.
They've teamed up with the state's power company.
The new company, called CIL Rajasthan Akshay Urja Limited, will be mostly owned by Coal India.
It will build and run projects to create clean energy and sell it.
This is a move to expand into renewable energy sources.
Coal India formed a subsidiary for renewable energy in Rajasthan.
The subsidiary is named CIL Rajasthan Akshay Urja Limited.
It is a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL).
Coal India owns 74% of the subsidiary; RRVUNL owns 26%.
The subsidiary will develop, construct, and operate renewable energy projects.
- Who
- Coal India and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL)
- What
- Coal India formed a subsidiary for renewable energy projects.
- When
- The subsidiary was formed recently and the Certificate of Incorporation was received on June 12.
- Where
- Rajasthan, India
- Why
- To develop, construct, and operate renewable energy projects, and sell the generated power.
- Subsidiary Name
- CIL Rajasthan Akshay Urja Limited
- Partners
- Coal India, Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL)
- Coal India Stake
- 74%
- RRVUNL Stake
- 26%
- Purpose
- Develop, construct, and operate renewable energy projects
- Authorized Share Capital
- Rs 10 crore