Coal India invests ₹961 crore in solar projects, exceeds capex target
pre-market1 source ↓written by the desknot a recommendation
- in solar projects
- ₹961 crore
- ₹957 crore
- of the progressive
- 132%
- increase from last
- 2.33 times
- from last year’s
- ₹412 crore
Coal India Limited has invested ₹961 crore in solar projects, surpassing its FY26 capex target of ₹957 crore. This investment, representing 132% of the progressive target, highlights the company's commitment to achieving Net-Zero emissions by FY2028. The current capex reflects a 2.33 times increase from last year’s ₹412 crore.
This aggressive push into renewable energy may enhance CIL's market position and investor sentiment as it transitions towards cleaner energy sources.
Not investment advice. For informational purposes only.