SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Coal India, NLC India to invest Rs 12,000 crore to jointly develop solar power assets

06 Jul 2020 Evaluate

Coal India (CIL) and NLC India (NLCIL) are planning to jointly develop solar power assets of 3,000 MW with a likely investment of around Rs 12,000 crore. The two state-run companies would form a Joint Venture (JV) to develop 5,000 MW of solar and thermal power assets across the country. A solar JV is already in process of formation with an initial capital of Rs 10 lakh. Once the company is formed, the respective company boards will decide the final contours of the project. At present, solar capital expenditure (capex) for each MW is around Rs 4 crore.

This JV aims to utilise the core capabilities and infrastructure of CIL and NLCIL for the creation of power assets to harness renewable sources of energy. The JV company will ensure sustainable growth and contribute to achieving the ambitious solar power programme of both companies. 

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

Coal India Share Price

438.70 3.95 (0.91%)
02-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 85.61
GMDC 609.70
Sandur Manganese 207.05
MOIL 277.25
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: