Coal India Ltd (CIL) has signed a non-binding memorandum of understanding (MoU) with Indian Port Rail & Ropeway Corporation Ltd (IPRRCL) for the development of rail infrastructure for the company and its subsidiaries.
The MoU was signed on 5 June in Kolkata, the state-run firm said in a filing to the Bombay Stock Exchange.
“Coal India Ltd (CIL) and Indian Port Rail & Ropeway Corporation Limited have executed a non-binding Memorandum of Understanding (MoU) on 05.06.2025 at Kolkata with an intent of development of Rail Infrastructure of CIL and its subsidiaries,” the company said.
The joint venture was set up to provide rail evacuation systems to major ports and to support their capacity and throughput. IPRRCL is a joint venture company formed between 11 major ports under the Ministry of Ports, Shipping and Waterways, which holds 90 per cent of the equity capital, and Rail Vikas Nigam Limited (RVNL), which holds the remaining 10 per cent under the Ministry of Railways.