Coal India’s (CIL) board has accorded its 'In-Principle' approval to venture into Aluminium Value chain (Mining-Refining-Smelting) and Solar Power Value Chain (Ingot-Wafer-Cell-Module and Generation).
The board also approved creating SPVs, subject to obtaining concurrence from Niti Aayog, DIPAM and after completion of feasibility studies and business analysis. The feasibility analysis has to be conducted for the solar power value chain business vertical at CIL, new and renewable energy (non-conventional) business vertical and integrated aluminium complex -- a greenfield project by CIL subsidiary Central Coalfields.
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.
