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Coal India Limited and DF India Sign Joint Venture Agreement for Renewable Energy Projects

The proposed JV may undertake projects independently or through the establishment of joint ventures and subsidiaries (Project SPV) for project execution within India and internationally
Indian Masterminds Stories

Coal India Limited, a Maharatna company of India, has signed a Term Sheet with DF India to establish a Joint Venture Company (JVC) aimed at developing pumped storage projects potentially integrated with renewable energy initiatives.

Also Read: Coal India Limited Recognized Among India’s Top 50 Best Workplaces in Manufacturing 2025

Following the signing of the Term Sheet, both companies will work toward the formation of a 50:50 Joint Venture Company. The proposed JV may undertake projects independently or through the establishment of joint ventures and subsidiaries (Project SPV) for project execution within India and internationally.

This collaboration aligns with India’s ambitious clean energy goals and represents a significant step toward advancing the country’s renewable energy sector, fostering innovation, and promoting environmental stewardship.

Also Read: IAS Shrikesh B Lathkar Elevated to Director-Level Role in Civil Aviation Ministry


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