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Coal India, EDF to form Joint Venture to undertake PSP projects

24 Feb 2025 Evaluate

Coal India (CIL) and M/s EDF India (a wholly owned subsidiary of Electricite de France SA (EDF)) have executed a Non-Binding Shareholders Agreement (SHA) Term Sheet on February 23, 2025 to form a Joint Venture between CIL and EDF to undertake PSP projects along with other renewable energy projects in India and neighboring countries.

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.

Peers
Company Name CMP
Coal India 424.55
NMDC 81.56
Ashapura Minechem 531.80
Sandur Manganese 184.75
GMDC 559.80
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