Coal India (CIL) has inked a supplementary Joint Venture Agreement (JVA) for revival of Sindhri & Gorakhpur units of Fertilizer Corporation of India (FCIL). The JVA is signed with Indian Oil Corporation (IOCL), FCIL and Hindustan Fertilizers Corporation of India (HFCL). In addition to revival of Sindhri & Gorakhpur units, it has also been decided to revive the Barauni Fertilizer unit of HFCL.
As per the JVA, CIL, NTPC and IOCL each will hold 29.67% shares and FCIL & HFCL together will hold remaining 10.99% shares. Earlier, on May 16, 2016, CIL had signed JVA with National Thermal Power Corporation (NTPC) for the same.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
| Company Name | CMP |
|---|---|
| Coal India | 443.10 |
| NMDC | 88.45 |
| GMDC | 689.50 |
| Sandur Manganese | 212.40 |
| MOIL | 322.35 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: