Coal India Limited invests in renewable energy venture CIL Rajasthan Akshay Urja Limited (CRAUL)
Coal India Limited (CIL) has made an investment in the Rights Issue of CIL Rajasthan Akshay Urja Limited (CRAUL), a joint venture focused on the development and operation of various power projects within the renewable energy sector. This move is part of CIL’s expansion into green energy initiatives through this newly incorporated entity.CRAUL is a joint venture established between Coal India Limited and Rajasthan Rajya Vidyut Urja Nigam Limited (RVUNL). The company was incorporated on June 9, 2025, to pursue business activities related to renewable power generation.
The primary objects of CIL Rajasthan Akshay Urja Limited are the development, construction, and operation of solar power projects, Pumped Storage Projects (PSP), and wind power projects. Furthermore, a key function involves CIL undertaking the business of selling the power generated from these Projects to RVUNL or other designated entities, such as state DISCOMs or Open Market customers in India, following mutual agreement.
Details regarding the investment and the structure of CRAUL are as follows:
| Particulars | Details |
|---|---|
| Target Entity | CIL Rajasthan Akshay Urja Limited |
| Industry Sector | Renewable Energy |
| Total Paid-up Capital | Rs. 10,00,000/- |
| CIL Shareholding | 74% |
| RVUNL Shareholding | 26% |
Financial and Transactional Details
The investment was conducted through a cash consideration for the subscription of Equity Share Capital. CIL acquired 2,22,000 equity shares at Rs. 10/- each, amounting to Rs. 22,20,000/-. RVUNL subscribed 78,000 equity shares at Rs. 10/- each, totaling Rs. 7,80,000/-.The company’s focus remains on green power generation in India, as CRAUL is dedicated to developing and operating projects across solar, wind, and PSP domains. While the entity's size and turnover are currently NIL, the management has set an indicative timeline of 30 days from the date of opening the Rights issue for completion.
COALINDIA Stock Price Movement
Coal India Limited shares on Monday slipped by 0.09% to close at ₹427.50, finishing slightly below its previous session's closing price. The stock saw a trading range of ₹425.75 to ₹431 and accounted for a total volume of 5.24 million shares during the day.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.
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