Coal India has dissolved its solar manufacturing subsidiary, CIL Solar PV Ltd, effectively shutting down plans to enter integrated solar photovoltaic manufacturing via a special-purpose vehicle. A regulatory filing says the company’s name was removed from the Register of Companies under the Companies Act, 2013, after a Ministry of Corporate Affairs public notice in April 2026. The move ends a proposed 4 GW domestic manufacturing push aimed at reducing reliance on imported solar equipment, though Coal India says it will keep investing in renewables.
Surya Roshni Ltd shares surged about 25% after speculation that the company could demerge its steel pipe and lighting businesses into separate entities. The stock jumped from around Rs 200 to Rs 253 as investors bet the restructuring would improve focus, unlock shareholder value, and potentially re-rate the businesses. No confirmed filing was highlighted in the report.
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