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At meeting held on 24 December 2020
The Board of Coal India at its meeting held on 24 December 2020 has accorded its ‘In-principle’ approval to venture value into aluminium value 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-
a. Solar Power Value Chain (Ingot-Wafer-Cell-Module) business vertical at CIL
b. New & Renewable Energy (Non-conventional) Business vertical at CIL
c. Integrated Aluminium complex: A Greenfield project by central coalfields, a subsidiary of Coal India.
Source: capitalmarkets
