Coal India forms JV for renewable energy business in Rajasthan
Coal India has entered into a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Ltd to pursue renewable energy projects in Rajasthan. Coal India will hold a 74% stake, while RRVUNL will have 26%. The joint venture will be a private limited company with an initial paid-up share capital of Rs 10,00,000.