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Coal India Fuels Green Growth: Solar Capex Surges Past Targets
16 Feb
Summary
- Coal India more than doubled its solar project capital expenditure.
- Spending reached Rs 961 crore by January FY26, exceeding targets.
- This marks significant progress in clean energy diversification.
Coal India Ltd (CIL) has made substantial progress in its clean energy diversification efforts, significantly increasing its capital expenditure on solar projects. As of January FY26, the company's investment in solar initiatives reached Rs 961 crore.
This figure represents more than double the expenditure from the same period in the previous fiscal year, marking a 2.33-fold increase. The spending also exceeded CIL's progressive target of Rs 729 crore for solar projects by January FY26, achieving 132 percent of this goal.
Furthermore, CIL surpassed its full-year capital expenditure target for solar projects for FY26, which was set at Rs 957 crore. This aggressive investment underscores the company's strategic shift towards renewable energy sources.
