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Coal India Ltd. ( (IN:COALINDIA) ) has provided an update.
Coal India Limited has disclosed that the Ministry of Corporate Affairs has issued a public notice proposing to strike off the name of its wholly owned subsidiary, CIL Solar PV Ltd, from the register of companies under section 248(2) of the Companies Act, 2013. Stakeholders have been invited to submit objections to the Ministry within 30 days of the notice, signalling an administrative step toward formally winding up the non-operational solar subsidiary and simplifying Coal India’s corporate structure.
More about Coal India Ltd.
Coal India Limited is a state-controlled coal mining company and one of the largest producers of thermal coal in India. Through its subsidiaries, the company primarily supplies coal to power, cement, and other core industries, and is a key player in the country’s energy and industrial supply chain.
Average Trading Volume: 688,013
Technical Sentiment Signal: Strong Buy
Current Market Cap: 2685.1B INR
For a thorough assessment of COALINDIA stock, go to TipRanks’ Stock Analysis page.