Coal India invests in rights issue of renewable energy subsidiary CRAUL
COALINDIA · price
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Awaiting price reaction for this filing.
CIL board approved investing Rs 22.2 lakh (2,22,000 equity shares at Rs 10 each) in rights issue of CRAUL, its 74 percent subsidiary with RVUNL at 26 percent. CRAUL was incorporated in June 2025 to develop solar, pumped storage, and wind power projects in Rajasthan, with power to be sold to RVUNL and other entities. RVUNL is also investing Rs 7.8 lakh to keep its 26 percent stake. The subsidiary currently has NIL turnover and a paid-up capital of just Rs 10 lakh. CIL holding remains unchanged at 74 percent.
Minor cash outflow now, but signals CIL's diversification into renewable energy. No immediate material impact on financials given the small size.