Coal India Ltd.

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.