CIL's Capex on Solar at Rs.961 Crs till Jan FY'26 logs 2.33X growth

Reflecting Coal India's (CIL) focus on scaling up solar power capacity addition, as an alternative green energy source, the company's capital expenditure on solar initiatives shot up to Rs.961 Crores ending January FY 2026.

This is 132% target satisfaction against the progressive target of Rs. 729 Crores till January 2026. In the process, it had also surpassed FY 2026, capex target, under solar projects, which was pegged at Rs.957 Crores.

On a year-on-year comparison, the capex on solar till January 2026 surged ahead by more than double to 2.33 times against Rs.412 Crores.

Currently, the cost of setting up 1 MW of solar capacity hovers around Rs. 4 Crores to Rs. 4.5 Crores, which is a slide down from earlier Rs. 5.5 Crores to Rs. 6 Crores per MW.

"Solar power lists high on CIL's diversification portfolio. Among the cleaner energy sources solar will play a pivotal role in future and we are laying the groundwork to remain relevant in the country's energy sector. We are actively participating in solar auctions, as well." said a senior executive of the company.

CIL is aiming to be a Net-Zero entity through installation of 3,000 MW of renewable solar capacity by FY 2028.

Till December 2025, CIL and its subsidiaries have set up renewable energy capacity installation of around 247 MW which is expected to go up to 675 MW by the current fiscal's closure. The upcoming capacity addition includes two major solar power projects in Gujarat, 100 MW in Patan and 300 MW in Khavda.

Beyond these projects, CIL is also actively scouting for 2,000 MW of RE capacity in near term through its subsidiaries and joint ventures. One is, 875 MW plant with Rajasthan Rajya Vidyut Utpadan Nigam Limited and the other is a 500 MW capacity plant through Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited in phased manner. Further bids have been invited for 20 MW floating solar plant in Gorakhpur.

Additionally, CIL is taking part in Tariff-Based Competitive Bidding (TBCB) tenders for solar power development across multiple states. Battery Energy Storage System (BESS) is also on the company's radar.

Shares of Coal India Limited was last trading in BSE at Rs. 408.95 as compared to the previous close of Rs. 419.10. The total number of shares traded during the day was 436252 in over 8543 trades.

The stock hit an intraday high of Rs. 417.50 and intraday low of 408.15. The net turnover during the day was Rs. 179732141.00.

Source : Equity Bulls

Keywords

CoalIndia INE522F01014 Capex Solar