Coal India forms renewable energy joint venture in Uttar Pradesh
after close1 source ↓written by the desknot a recommendation
- with UP Rajya
- 51:49 joint venture
Coal India Limited has approved a 51:49 joint venture with UP Rajya Vidyut Utpadan Nigam Limited to develop renewable energy projects in Uttar Pradesh. The venture will focus on the full lifecycle of projects, including development and maintenance. Approval from relevant government bodies is pending.
This move underscores Coal India's commitment to clean energy diversification, potentially enhancing its market position in the renewable sector.
Not investment advice. For informational purposes only.