Coal India Share Price in Focus; CIL Solar PV Subsidiary Faces Strike-Off Proposal

Coal India Limited has disclosed a development concerning one of its wholly owned subsidiaries, indicating a potential restructuring step involving its solar-focused entity. 

Subsidiary Status and Proposal Details 

The development relates to CIL Solar PV Limited, a wholly owned subsidiary of Coal India. The company has received a communication indicating that the Registrar of Companies has initiated a process to remove or strike off the name of this subsidiary. 

This action is based on a public notice dated April 20, 2026, issued through the Ministry of Corporate Affairs. The notice outlines the proposal to remove the entity from official records, marking a potential cessation of its corporate existence if the process is completed. 

As part of this process, any individual or stakeholder who has concerns regarding the proposed removal has the opportunity to submit objections. These objections are required to be sent to the designated authority within a period of 30 days from the publication of the notice. 

Context and Implications 

The move involves a subsidiary focused on solar photovoltaic operations, which was fully owned by Coal India. While the communication does not specify operational or financial reasons behind the proposal, such actions are generally associated with entities that may not be actively contributing to business operations or are being rationalised as part of broader organisational structuring. 

The proposed removal does not directly indicate any immediate change in Coal India’s core operations, which continue to remain centred around coal production and supply. However, it reflects a shift in the status of a renewable-focused arm within the group.

Read More: MCX Share Price in Focus; Secures SEBI Nod for ₹100 Crore Investment in Proposed Coal Exchange! 

Coal India Share Price Performance  

As of 20 April 2026, at 3:30 PM, Coal India share price closed at ₹441.75 per share, reflecting a gain of 0.68% from the previous closing price.  

Conclusion 

The proposed striking off of CIL Solar PV Limited marks a notable development within Coal India’s subsidiary structure, with the final outcome dependent on the completion of the process and any representations made during the stipulated period. 

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