Coal India Limited Forms Joint Venture for Power Generation
Kolkata – Coal India Limited (CIL) and Damodar Valley Corporation (DVC) have established a joint venture company, DVC CIL Power Private Limited, according to a filing dated March 27, 2026. The incorporation was confirmed by the Ministry of Corporate Affairs (MCA) and assigned Corporate Identification Number (CIN) U35102WB2026PTC287644.The new entity’s formation follows a letter dated November 7, 2025, regarding the proposed joint venture.
DVC CIL Power Private Limited will focus on several key areas within the energy sector, including:
- Power Generation & Allied Businesses: This includes planning, construction, operation, and maintenance of power projects utilizing various energy sources.
- Power Transmission & Distribution: The company will establish, acquire, and operate power systems, including substations and transmission networks.
- Utilization of Power Plant Byproducts: Processing, manufacturing, and selling byproducts such as fly ash.
Coal India Limited and Damodar Valley Corporation each hold a 50% stake in the joint venture, with each entity contributing 50,000 equity shares valued at ₹ 10 each. The initial capital investment includes a cash consideration of ₹ 3,132.96 crore representing 30% equity, alongside 70% debt.
The incorporation required approvals from DIPAM and the Ministry of Coal.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.