Coal India Limited has incorporated a joint venture company named DVC CIL Power Private Limited in partnership with Damodar Valley Corporation (DVC), a statutory body. The Ministry of Corporate Affairs allotted the new entity a Corporate Identification Number (CIN) U35102WB2026PTC287644 on 27 March 2026.
The joint venture will be equally held by both partners, with Coal India and DVC each holding 50 per cent equity stake through 50,000 shares of ₹10 each. The venture is capitalised through 30 per cent equity infusion of ₹3,132.96 crore and 70 per cent debt financing.
DVC CIL Power Private Limited will operate across three primary business segments. First, it will undertake power generation and allied businesses, including planning, research, design, construction, generation, operation and maintenance of power projects based on thermal, hydro and renewable energy sources. The entity will also develop related businesses such as e-mobility infrastructure, water treatment, and utilisation of by-products including fly ash, silica, sand and FGD residues.
Second, the joint venture will establish, acquire, operate and maintain power generation, transmission and distribution systems in India or abroad under various models such as BOT (Build-Operate-Transfer), BOO (Build-Operate-Own), BOLT (Build-Operate-Lease-Transfer) and BOOT (Build-Own-Operate-Transfer). This segment will encompass infrastructure including substations, tie-lines and transmission networks, along with ancillary activities.
Third, DVC CIL Power will process, manufacture, market and sell fly ash and other materials generated from electricity production, developing commercial products from such by-products. The venture operates in the energy sector and requires approvals from the Department of Investment and Public Asset Management (DIPAM) and the Ministry of Coal (MOC).
Disclaimeri: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).