The board of Coal India Limited (CIL) has granted in-principle approval for an equity infusion of ₹3,132.96 crore into its proposed joint venture with Damodar Valley Corporation (DVC). This infusion is part of a larger indicative project with a total cost of ₹20,886.40 crore, maintaining a debt-equity ratio of 70:30. The decision aims to enhance collaboration in power generation and renewable energy projects.
Joint Venture Equity Infusion
Coal India Limited’s (CIL) board has approved an equity infusion of ₹3,132.96 crore for its joint venture with Damodar Valley Corporation (DVC). The approval was granted during a board meeting held on February 4, 2026.
Project Details
The joint venture project has a total indicative cost of ₹20,886.40 crore. The funding will be structured with a debt-equity ratio of 70:30.
Strategic Objectives
The collaboration aims to explore various aspects of power generation, including thermal and renewable energy projects. This includes addressing growing energy demands and ensuring energy security for the DVC valley area and other parts of India.
JV Company Details
The joint venture will be between Coal India Limited and Damodar Valley Corporation. Further details, including the JV company’s name and date of incorporation, will be provided in due course. CIL will hold 50% equity in the JV.
Source: BSE
