Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Coal India Limited (CIL) has announced ambitious plans to establish 3 gigawatts (GW) of solar power projects as part of its strategy to achieve a net-zero target by the fiscal year 2025-26. The state-run mining giant is also committed to adding 2 GW of renewable energy, aiming for a total installed capacity of 5 GW to strengthen its renewable energy footprint.
As part of this initiative, CIL has outlined its efforts in a recent Memorandum of Understanding (MOU) with Rajasthan Rajya Vidyut Utpadan Nigam Limited for the development of a 1,190 MW solar power plant at a solar park in Bikaner, Rajasthan.
Additionally, CIL has pledged a 379 MW capacity across its subsidiaries, with projects at various stages of implementation. The company has awarded work for the execution of 379 MW of SPV solar projects at multiple locations, and it expects to commission 180 MW of ground-mounted solar projects and 15 MW of rooftop solar projects in the fiscal year 2023-24.
CIL is actively participating in PAN-India solar tenders by entities like GUVNL and SECI to achieve its target of 5 GW of renewable energy capacity. With the commissioning of 43.20 MW of solar power and an additional 15 MW of rooftop solar projects slated for completion by FY24, CIL is making significant strides towards its renewable energy goals.
Also Read : JSL provides stainless steel for 'Made in India' goods waggons shipped to Mozambique Elon Musk plans to purchase AMD chips for Tesla's AI hardware
Former U.S. President Donald Trump's decision to reinstate tariffs on steel imports is raising conce...
Raw Material 21-Feb-2025
Baosteel keeps flat steel prices steady for June 2025. Decision reflects cautious optimism and mark...
Business 13-May-2025
India's crude oil imports from Russia increased to 1.97 million barrels per day (mbpd) in June 2024,...
Oil & Gas 03-Jul-2024
Microsoft plans to invest $2.1 bn to expand its artificial intelligence (AI) infrastructure in Spain...
Europe 20-Feb-2024
India and UAE Partner to Boost Green Steel and Aluminum Industries India and the UAE have l...
Press Releases 02-Jul-2025
Multi-billionaire Gautam Adani's group has constructed the world's largest renewable energy park in...
Renewables 12-Apr-2024