The head office of Coal India
Image: Coal India Limited
Indian state-owned miner Coal India Ltd has dissolved its solar manufacturing arm, CIL Solar PV Ltd, ending its proposed entry into integrated solar PV manufacturing.
In a regulatory filing, Coal India said the name of its subsidiary, CIL Solar PV Ltd, has been struck off the register of companies under Section 248(5) of the Companies Act, 2013, and the company has now been dissolved.
The move follows a public notice issued by the Ministry of Corporate Affairs in April 2026, which stated that the Registrar of Companies proposed to delist or remove the name of CIL Solar PV Ltd under Section 248 (2) of the Companies Act, 2013.
Coal India had established CIL Solar PV Ltd as a special-purpose vehicle (SPV) to develop a planned 4 GW solar PV manufacturing facility in India, comprising blocks, wafers, cells and modules.
The proposed gigafactory was part of Coal India’s broader diversification strategy, which aims to expand beyond coal mining into integrated solar energy manufacturing. The company is entering the renewable energy sector to support the decarbonization of its operations. It plans to install 3 GW of renewable energy capacity across India by 2027-28 and 9.5 GW by 2029-30.
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