Coal India Ltd. To Invest ₹5650 Crores In Solar Projects

  • 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.

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