Coal India Backs Rights Issue For Rajasthan Renewable JV
ECONOMY & POLICY

Coal India Backs Rights Issue For Rajasthan Renewable JV

Coal India approved an investment in the rights issue of its joint venture subsidiary CIL Rajasthan Akshay Urja, disclosed in a corporate filing on 27 July 2026 under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements. The decision reinforces the company's move into renewable energy and supports the joint venture's capital needs.

CRAUL is a joint venture between Coal India and Rajasthan Rajya Vidyut Urja Nigam in which Coal India holds 74 per cent and RVUNL 26 per cent. The company was incorporated on ninth June 2025 to develop renewable energy projects. Before the rights issue CRAUL had a paid-up capital of Rs 1 million (mn), with Coal India contributing Rs 0.74 million (mn) and RVUNL Rs 0.26 million (mn); the company has not reported any turnover.

Under the approved rights issue Coal India will subscribe to 222,000 equity shares with a face value of Rs 10 each and will make a cash infusion of Rs 2.22 million (mn). RVUNL will subscribe to 78,000 equity shares for Rs 0.78 million (mn), allowing both partners to retain the existing 74:26 shareholding ratio. The subscriptions will be completed by cash and are expected to be finalised within 30 days of opening; the company said the transaction does not require government or regulatory approvals and does not qualify as a related party transfer under applicable rules.

CRAUL will develop, construct and operate solar power plants, wind projects and pumped storage facilities across India and will supply generated electricity to RVUNL, state distribution companies, commercial and industrial consumers or sell into the open power market. The investment is part of Coal India's broader effort to diversify beyond coal and strengthen its role in the clean energy transition, with additional funding intended to accelerate project development and support expansion of low-carbon energy infrastructure in the country.

Coal India approved an investment in the rights issue of its joint venture subsidiary CIL Rajasthan Akshay Urja, disclosed in a corporate filing on 27 July 2026 under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements. The decision reinforces the company's move into renewable energy and supports the joint venture's capital needs. CRAUL is a joint venture between Coal India and Rajasthan Rajya Vidyut Urja Nigam in which Coal India holds 74 per cent and RVUNL 26 per cent. The company was incorporated on ninth June 2025 to develop renewable energy projects. Before the rights issue CRAUL had a paid-up capital of Rs 1 million (mn), with Coal India contributing Rs 0.74 million (mn) and RVUNL Rs 0.26 million (mn); the company has not reported any turnover. Under the approved rights issue Coal India will subscribe to 222,000 equity shares with a face value of Rs 10 each and will make a cash infusion of Rs 2.22 million (mn). RVUNL will subscribe to 78,000 equity shares for Rs 0.78 million (mn), allowing both partners to retain the existing 74:26 shareholding ratio. The subscriptions will be completed by cash and are expected to be finalised within 30 days of opening; the company said the transaction does not require government or regulatory approvals and does not qualify as a related party transfer under applicable rules. CRAUL will develop, construct and operate solar power plants, wind projects and pumped storage facilities across India and will supply generated electricity to RVUNL, state distribution companies, commercial and industrial consumers or sell into the open power market. The investment is part of Coal India's broader effort to diversify beyond coal and strengthen its role in the clean energy transition, with additional funding intended to accelerate project development and support expansion of low-carbon energy infrastructure in the country.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code