On September 23, state-owned Coal India announced its partnership with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL) to establish a joint venture aimed at developing renewable energy projects in Rajasthan. Coal India will hold a 74% stake in the joint venture, while RRVUNL will control the remaining 26%. According to a BSE filing, the new venture will be incorporated as a private limited company with an initial paid-up capital of ₹10,00,000. Coal India and RRVUNL will nominate four and two directors, respectively, to the board of the joint venture.
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