<h1>Coal India and EDF India form a 50:50 Joint Venture to boost pumped storage and renewable energy projects.</h1> Coal India Limited and EDF India have signed a Term Sheet to create a 50:50 Joint Venture Company focused on developing pumped storage projects, potentially integrated with renewable energy initiatives. This collaboration aims to advance India's clean energy objectives by fostering innovation and promoting environmental sustainability. Coal India Limited, a leading global coal producer, operates extensively across India, while EDF is a prominent player in the energy transition, specializing in low-carbon energy solutions. The joint venture may execute projects independently or through subsidiaries within India and internationally, supporting the country's renewable energy sector.