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Coal India spends Rs 1,209 crore on solar power projects

17 Dec 2024 Evaluate

Coal India has spent a total of Rs 1,209 crore on ground-mounted solar power projects having a capacity of 661 MW. The company has a plan to achieve 3,000 MW solar project capacity by 2027-28, which consists of 211.59 MW in the current fiscal, 697.85 MW in FY26, 1,235 MW in FY27 and 785 MW in FY28.

To ensure the timely execution of the solar projects, the PSU has taken various measures like posting of company Engineers at the solar project site for effective monitoring and supervising of project activities on a day-to-day basis and coordination with various statutory authorities for expediting clearances. 

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 424.55
NMDC 81.56
Ashapura Minechem 531.80
Sandur Manganese 184.75
GMDC 559.80
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