Coal India Approves Renewable JV With UPRVUNL in Uttar Pradesh

12 Feb 2026 CW Team

The joint venture formation is subject to approvals from the Government of Uttar Pradesh, the Department of Investment and Public Asset Management and the Ministry of Coal. The venture has been tasked with the full lifecycle of renewable projects, including development, construction, operation and maintenance, focusing on scalable delivery. Its remit covers solar power, floating solar installations, pumped storage projects (PSP), wind energy and allied activities.

Power generated will be sold under applicable laws and policy frameworks once arrangements are finalised. The move aims to combine the complementary strengths of a national miner and a state generation utility to enable siting, land access and operational collaboration. The alliance is intended to support regional energy security, strengthen grid flexibility and accelerate deployment of clean capacity across the state.

Uttar Pradesh had over 6.6 gigawatt (GW) of installed renewable capacity by the end of December 2025, with solar contributing over 3.8 GW, and the joint venture intends to build on this base. The partnership will pursue storage options such as pumped storage projects to balance variability and support peak demand, while project timelines, capacity targets and financing will be disclosed after regulatory clearances. The arrangement is framed as part of a wider trend of public sector diversification into renewables as policy support and market opportunities evolve.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Coal India Limited, India's largest coal producer, has approved incorporation of a joint venture with UP Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) to develop renewable energy projects in Uttar Pradesh. The board approved a controlling equity stake for Coal India of 51 per cent while UPRVUNL will hold 49 per cent, and the name and date of incorporation will be announced later. The decision forms part of a strategic push to broaden the public sector firm's energy portfolio beyond coal. The joint venture formation is subject to approvals from the Government of Uttar Pradesh, the Department of Investment and Public Asset Management and the Ministry of Coal. The venture has been tasked with the full lifecycle of renewable projects, including development, construction, operation and maintenance, focusing on scalable delivery. Its remit covers solar power, floating solar installations, pumped storage projects (PSP), wind energy and allied activities. Power generated will be sold under applicable laws and policy frameworks once arrangements are finalised. The move aims to combine the complementary strengths of a national miner and a state generation utility to enable siting, land access and operational collaboration. The alliance is intended to support regional energy security, strengthen grid flexibility and accelerate deployment of clean capacity across the state. Uttar Pradesh had over 6.6 gigawatt (GW) of installed renewable capacity by the end of December 2025, with solar contributing over 3.8 GW, and the joint venture intends to build on this base. The partnership will pursue storage options such as pumped storage projects to balance variability and support peak demand, while project timelines, capacity targets and financing will be disclosed after regulatory clearances. The arrangement is framed as part of a wider trend of public sector diversification into renewables as policy support and market opportunities evolve.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..