Coal India boosts solar capex target by 132% to ₹961 crore
pre-market1 source ↓written by the desknot a recommendation
- in its solar
- 132% increase
- by January 2026
- ₹961 crore
- compared
- 2.33 times growth
- previous target
- ₹412 crore
- per MW
- ₹4 crore to ₹4.5 crore
Coal India Ltd has announced a 132% increase in its solar capex target, raising it to ₹961 crore by January 2026. This marks a 2.33 times growth compared to the previous target of ₹412 crore. The shift towards solar power aligns with the company's commitment to renewable energy and sustainable practices. ⚡
The cost of setting up solar capacity has also decreased, now ranging from ₹4 crore to ₹4.5 crore per MW, enhancing project viability. This strategic investment is expected to bolster Coal India's position in the renewable sector.
Not investment advice. For informational purposes only.