Coal India shares gain as PSU forms JV for renewable energy business in Rajasthan
PSU Stock in Focus: Share of state-owned Coal India opened in green on Tuesday as the company has entered into a joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL) to undertake renewable energy business in Rajasthan.
PSU Stock in Focus
PSU Stock in Focus: The counter opened at Rs 506.85 on the BSE against the previous close of Rs 506.85. Last seen, the counter was trading at Rs 502.25.
PSU Stock in Focus: 52-week high and low
PSU Stock in Focus: The 52-week high of the stock is Rs 544.70 and the 52-week low of the scrip is Rs 281.20.
PSU Stock in Focus: Shareholding
PSU Stock in Focus: While Coal India will have a 74 per cent shareholding in the joint venture, RRVUNL will have the remaining 26 per cent.
PSU Stock in Focus: Executives
PSU Stock in Focus: In a filing to BSE, the Coal India Ltd (CIL) said that the PSU and RRVUNL will have the right to nominate four and two executives as directors of the JV, respectively.
PSU Stock in Focus: Paid-up share capital
PSU Stock in Focus: The joint venture company will be incorporated as a private limited company with an initial paid-up share capital of Rs 10,00,000.