Coal India Ltd. board approves proposal to enter Solar Power Value chain business.

Coal India Ltd. (CIL) Board in its Meeting held on date, accorded its 'In-principle' approval to venture value into Aluminium chain (Mining-Refining-smelting) and Solar Power Value chain (Ingot-Wafer-cell-Module and Generation).

It also 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 for the following:

- Solar Power value chain (Ingot-Wafer-Cell-Module) business vertical at CIL

- New & Renewable Energy (Non-conventional) Business vertical at CIL

- Integrated Aluminium complex: A Greenfield project by central coalfields Limited, a subsidiary of Coal India Limited.

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