Coal India Board Approves ₹3160 Crore Guarantee for Subsidiary's Solar Power Project
Published on: March 24, 2026, 1:48 a.m. | Source: scanx.trade
Coal India Limited's board has approved providing a 100% corporate guarantee of up to ₹3160 crores to its subsidiary CIL Rajasthan Akshay Urja Limited (CRAUL) for funding an 875 MW Solar PV Plant project. CRAUL is a joint venture with Coal India holding 74% stake and Rajasthan Rajya Vidhyut Utpadan Nigam Limited holding 26%. The guarantee creates potential liability for Coal India limited to ₹3160 crores in case of default, supporting the company's renewable energy diversification strategy.
