Coal India inks MoU with Rajasthan Rajya Vidyut Utpadan Nigam Ltd

Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL), a State Government Undertaking under the Energy Department, Government of Rajasthan RRVUNL and CIL have executed a Memorandum of Understanding (MoU) on 10th March 2024, at Jaipur, Rajasthan for exploring various opportunities for securing power to meet the growing energy demand of the state of Rajasthan.

Under this MoU, initially the focus shall be to explore the possibilities of setting up of 4100 MW projects through a JV Company to be constituted between RRVUNL and CIL, across the 5 (five) identified Projects viz. Pit-head Thermal Power Project, Solar Projects at Solar Parks, Pumped Storage Projects, Solar Projects at Existing TPPs and Wind Projects. Further, any additional opportunities, which the Parties mutually agree to collaborate, would also be covered under the purview of the MoU.

As an initial step, CIL shall be undertaking Pre-Feasibility Studies of the above project to establish viability of the projects.

Shares of Coal India Limited was last trading in BSE at Rs. 458.55 as compared to the previous close of Rs. 461.45. The total number of shares traded during the day was 215401 in over 3497 trades.

The stock hit an intraday high of Rs. 465.25 and intraday low of 456.00. The net turnover during the day was Rs. 99099604.00.

Source : Equity Bulls

Keywords

CoalIndia INE522F01014 MoU Rajasthan RRVUNL