Coal India forms JV with RRVUNL for thermal power project

26 Sep 2024 CW Team

Coal India has announced a joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam (RRVUNL) to develop a brownfield thermal power project in Rajasthan. The new joint venture company will be established as a private limited entity, with an authorized share capital of Rs 10 crore, comprising 1 crore equity shares at Rs 10 each.

The primary goal of this agreement is to create a 2x800 MW thermal power project at RRVUNL's existing Kalisindh thermal power station. The joint venture will also explore additional thermal power initiatives and renewable energy projects in the region.

Under the agreement, the shareholding structure will consist of 74% for Coal India and 26% for RRVUNL. Both companies will have the authority to nominate directors to the joint venture, with Coal India designating four executives and RRVUNL designating two.

Coal India is a leading coal mining company focused on the production and sale of coal. As of June 30, 2024, the Government of India holds a 63.13% stake in the company.

In its latest financial report, Coal India recorded a 4.1% increase in consolidated net profit, reaching Rs 10,959.47 crore in Q1 FY25, compared to Rs 10,528.03 crore in Q1 FY24. Revenue from operations also rose by 1.59%, amounting to Rs 36,464.61 crore in the first quarter of FY25, up from Rs 35,893.21 crore during the same period last year.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..