Coal India Backs Rights Issue For Rajasthan Renewable JV

03 Aug 2026 CW Team

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.

Infrastructure Urban

03 Aug 2026

BPTP Appoints Sanjay Sharma as Chief Operating Officer

BPTP Limited has appointed Sanjay Sharma as Chief Operating Officer to lead its Project Development function across residential, commercial and township projects.In his new role, Sharma will oversee end-to-end project delivery, including contracts and procurement, planning, safety, quality, cost management and schedule control.He brings more than three decades of experience in real estate development and large-scale project execution. His experience spans residential, commercial and township developments, with a focus on delivering complex projects within quality and timeline requirements.Befo..

Vedanta Aluminium Q1 PAT Surges 205% to Rs 6,597 Crore

Vedanta Aluminium Metal Limited reported a 205 per cent year-on-year increase in profit after tax to Rs 6,597 crore for the quarter ended June 2026, marking its first quarterly results as an independent entity.The company’s board approved an interim dividend of Rs 8 per equity share, involving a cumulative payout of more than Rs 3,000 crore.Revenue rose by 45 per cent year-on-year and 13 per cent quarter-on-quarter to a record Rs 21,105 crore, supported by higher volumes, improved realisations and marketing contributions.EBITDA increased by 134 per cent year-on-year and 24 per cent sequentia..

Royal Green Realty Appoints Deepak Khemchandani as CFO

Royal Green Realty has appointed Deepak Khemchandani as its Chief Financial Officer to strengthen the Gurugram-based developer’s financial strategy and support its sustainable growth plans.Khemchandani brings more than 24 years of experience across finance, accounting, business planning, treasury, taxation, investor relations and financial strategy.He has previously held leadership roles at real estate companies including Jindal Realty, Orris Infrastructure, Shipra Group, AlphaCorp Group and Splendor Landbase. His experience covers financial transformation, capital structuring, regulatory co..