Coal India signs JV with UPRVUNL for renewable energy projects in UP

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Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹439.20

prior close

₹438.70

announcement price

After-mkt

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Nifty 100market+0.6%-2.2% vs market

Oil Gas & Consumable Fuels peers, median of 39sector · sector level-0.0%-1.6% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty 100 and 1.6 pts less than its Oil Gas & Consumable Fuels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-1.6+0.6-2.2-0.0-1.6

Next day

-2.7+0.4-3.1-0.2-2.5

-2.1-1.7-0.4-2.1-0.0

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-2.0-0.2-1.8+0.1-2.1

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15d

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-6.4-5.6-0.8+5.5-11.9

UpDownMarket · Nifty 100Sector · Oil Gas & Consumable Fuels peers, median of 39Pending

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AI summary

Coal India (CIL) has signed a joint venture agreement with U.P. Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) on 3 July 2026 to set up renewable energy projects in Uttar Pradesh. Projects will include ground-mounted solar, floating solar, pumped storage and wind projects. CIL will hold 51% and UPRVUNL 49% in the new JV company, to be registered in Lucknow as a private limited company. Initial paid-up capital is INR 10 lakh and authorised capital is INR 10 crore.

Likely market impact

Gives Coal India a foothold in renewable energy through a state partnership, diversifying beyond coal with a majority-owned entity.