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Coal India’s arm plans to develop solar power projects of 600 MW

12 Jul 2023 Evaluate

Coal India’s subsidiary -- South Eastern Coalfields (SECL) is planning to develop rooftop and ground mounted solar power projects of 600 MW capacity in the coming years as part of the company’s strategy to expand and diversify its business and achieve the ‘Net Zero Energy’ goal. 

The strategy is in line with the larger goal of ‘Panchamrit’ announced by Prime Minster Narendra Modi at CoP-26 to achieve Net Zero Emissions by 2070. SECL, the Miniratna PSU, is planning to develop the above projects at a cost of more than Rs 1000 crore. Some of these projects would be implemented in RESCO (Renewable Energy Service Company)/BOO (Build-Own-Operate) mode.

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.


Peers
Company Name CMP
Coal India 419.00
NMDC 80.69
Ashapura Minechem 518.35
Sandur Manganese 182.00
GMDC 553.15
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