Coal India Mines a New Future—Digging Deep Into Rajasthan’s Renewable Gold

Image Source: KNN India

Coal India has officially entered into joint venture with Rajasthan Rajya Vidyut Utpadan Nigam (RRVUNL) to promote renewable energy development in the state of Rajasthan. The new company, CIL Rajasthan Akshay Urja Limited, would be involved in solar, wind, and pump storage schemes, marking a significant move towards clean energy systems.

Structure and Ownership

Coal India holds 74% ownership and RRVUNL holds 26% in the joint venture.

The subsidiary was incorporated on 12th June 2025 upon Ministry of Corporate Affairs approval.

Authorized share capital of Rs 10 crore is issued in the form of 1 lakh equity shares of Rs 10 each.

Renewable Energy Emphasis

The joint venture will emphasize developing, constructing, and operating solar and wind energy schemes in Rajasthan.

Power will be sold primarily to RRVUNL, with potential to expand to other buyers.

The project is a part of India's overall push towards the utilization of clean energy and cutting down carbon emissions.

Market Impact and Future Outlook

Shares of Coal India dropped 2.5% following the news, a reaction to it.

The deal will add to Rajasthan's renewable power capacity and create new employment.

If successful, the model can be duplicated across other states to expand India's green energy base.

Sources: Financial Express, MSN, Business Standard, Economic Times.