Coal India Limited — Important, 25-10-2024: Updates

Coal India Limited has approved the closure of its wholly-owned subsidiary, CIL Solar PV Limited (CSPL), following a Board meeting. CSPL has not engaged in commercial activities since its inception. The closure is anticipated to take 8-10 months due to competitive market challenges and regulatory constraints impacting operations. In FY 2023-24, CSPL reported a turnover of ₹-54,149 and a net worth of ₹4,01,007.