State-run
Coal India's board of directors have given in-principle approval for venturing into Aluminium Value chain (Mining-Refining-smelting) and solar Power Value chain (Ingot-wafer-cell-Module and Generation).
The board approved to create SPVs subject to obtaining concurrence from Niti Aayog, DIPAM and after feasibility studies and Business Analysis are completed and financial viability is established. These are for the following:
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Solar Power value chain (Ingot-wafer-Cell-Module) business vertical at Coal India.
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New & RenewEnergynerry (Non-conventional) Business vertical at Coal India.
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Integrated Aluminium complex: A Greenfield project by Central Coalfields Limited which is a subsidiary of the company.
On Sensex, Coal India ended at Rs137.55 per piece up nearly 1%. The stock has touched an intraday high of Rs140.75 per piece during trading hours.
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