Signing of Joint Venture Agreement Between NLC India Limited and Coal India Limited

Sarkaritel
By Sarkaritel July 4, 2020 18:41


NLC India Limited, a Navratna CPSE and Coal India Limited, a Maharatna CPSE, both under the administrative control of Ministry of Coal, executed a Joint Venture Agreement on 3rd July, 2020 for formation of a Joint Venture Company (JVC) to develop Solar and Thermal Power assets to the tune of 5000 MW on pan India basis.

The Joint Venture Agreement was signed by Director (Planning & Projects), NLC India Limited and Director (Technical), Coal India Limited in the presence of Chairman-cum-Managing Director, Functional Directors & other senior officials of both the companies.

The equity participation in the proposed JVC between Coal India Limited and NLC India Limited will be in the ratio of 50:50.

This JV Company marks a new era in the power sector, with the synergy and expertise of two Central Public Sector Undertakings under the Ministry of Coal.

Sarkaritel
By Sarkaritel July 4, 2020 18:41