On Monday, Coal India Ltd. Informed that they will be investing ₹5650 crores in the next 4 years in 14 solar projects that will power their mining operations. According to them, the move will help the company to cut costs.
The company will also fund two-third of its plan to construct rooftop & ground-mounted solar power projects with a capacity of 3000 MW.
"The solar power initiative helps Coal India Ltd (CIL) reduce its whopping annual power consumption expense," the company said.
NLC India Ltd. will also invest in the project for Coal India’s expansion.