Coal India Limited has informed the Exchange about General Updates-Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015-Incorporation of Joint Venture Company i.e, DVC CIL Power Private Limited between Coal India Limited (CIL) and Damodar Valley Corporation (DVC).
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Coal India Limited (CIL) has incorporated a 50:50 joint venture company called DVC CIL Power Private Limited on 27 March 2026, in partnership with Damodar Valley Corporation (DVC), a statutory body. The JV will operate in the energy sector, focusing on power generation (thermal, hydro, and renewable), power transmission and distribution, and utilisation of power plant by-products like fly ash. The project involves a total equity infusion of ₹3,132.96 crore (30% of total cost), with the remaining 70% funded through debt. Each partner is subscribing to 50,000 equity shares of ₹10 each as initial capital. The venture has received approvals from DIPAM and the Ministry of Coal.
This is a positive development for Coal India shareholders as it marks the company's strategic diversification into power generation and transmission, potentially creating new revenue streams. The large-scale investment of over ₹3,132 crore signals a long-term growth initiative but will also mean significant capital commitment by CIL.