Coal India forms joint venture with France's EDF
Coal India has announced that it has signed an agreement with EDF India, a wholly owned subsidiary of ?lectricite de France (EDF), to form a joint venture.
The joint venture will undertake PSP projects, along with other renewable energy projects in India and neighboring countries, the company said in an exchange filing.The firm reported a 17.04% decrease in consolidated net profit to Rs 8,505.57 crore in Q3 FY25 from Rs 10,253.48 crore in Q3 FY24. Revenue from operations fell 1.03% to Rs 35,779.78 crore in the third quarter of FY25 from Rs 36,153.97 crore recorded in the same period last year.
Coal India is a coal mining company engaged in the production and sale of coal. As of 31 December 2024, the Government of India held a 63.13% stake in the company.
Shares of Coal India shed 0.78% to Rs 367 on the BSE.
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