Coal India Limited Approves Guarantee for Subsidiary CIL Rajasthan Akshay Urja Limited
Kolkata – March 23, 2026 – Coal India Limited (CIL) announced that its Board of Directors has approved a guarantee for its subsidiary, CIL Rajasthan Akshay Urja Limited (CRAUL).The guarantee, issued under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is intended to support the funding of CRAUL’s 875 MW Solar PV Plant. The guarantee covers debt up to ₹3160 Crores.
CRAUL is a joint venture company with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL), with CIL holding a 74% equity stake and RRVUNL holding 26%. The transaction is considered to be at arm's length.
The potential liability for CIL in the event of CRAUL’s default on its debt obligations is capped at ₹3160 Crores.
| Particulars | Details |
|---|---|
| Name of party for which such guarantees or indemnity or surety will be given | CIL Rajasthan Akshay Urja Limited (CRAUL) |
| Promoter/Promoter Group/Group Companies Interest | CRAUL is a Joint Venture Company of CIL and RRVUNL. CIL holds 74% equity stake; RRVUNL holds 26%. No other interest of Promoter/ Promoter Group/ Group Companies. Transaction is at Arm's Length. |
| Guarantee Details | 100% Corporate Guarantee for debt upto ₹ 3160 Crores for funding of CAPEX of CRAUL's 875 MWSolar PV Plant |
| Impact on Listed Entity | Potential liability of CIL in the event of default by CRAUL on its debt obligations, limited upto ₹ 3160 Crores. |
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