New Delhi: In a major step towards energy diversification, Coal India Limited (CIL) has announced the incorporation of a new renewable energy subsidiary named CIL Rajasthan Akshay Urja Limited. The newly formed entity will lead the development of solar, wind, and pumped storage power projects in Rajasthan.
The incorporation was confirmed in a regulatory filing made to the Bombay Stock Exchange (BSE) on Thursday, following the issuance of a certificate by the Ministry of Corporate Affairs on June 9, 2025.
Joint Venture with RVUNL to Accelerate Green Energy Push
CIL has entered into a joint venture with the Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL). As per the agreement:
- CIL will hold a 74% stake (₹7.4 lakh),
- RVUNL will retain the remaining 26% (₹2.6 lakh),
The company has an authorised share capital of ₹10 crore and a paid-up capital of ₹10 lakh.
The acquisition is fully funded via cash consideration, with government approvals already secured from the Ministry of Coal and DIPAM.
Clean Energy Mandate: Solar, Wind, Pumped Storage
The newly incorporated company will –
- Develop, construct, and operate renewable energy projects in Rajasthan.
- Sell generated electricity to RVUNL under Section 62 of the Electricity Act, 2003.
Explore additional power sales to state DISCOMs, third-party buyers, and the commercial & industrial market.
Strategic Shift Towards a Green Future
While traditionally a coal-centric entity, CIL’s foray into renewable energy reflects India’s broader transition to cleaner sources of power. The company has been scaling up its RE footprint through strategic collaborations and new subsidiaries, positioning itself as a diversified energy leader for the future.
About Coal India Limited
Coal India Limited (CIL) is a state-owned Indian company that is the world’s largest coal producer. It was established in 1975 and has grown to become a major employer with a workforce of over 270,000. CIL operates through subsidiaries in 84 mining areas across eight Indian states, managing 352 mines.