StockWatch
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Coal
Business Update1 Jul 2026, 05:50 pm

Coal India Bags 600 MW Solar Plant Contract in UP

AI Summary

Coal India Limited has received a Letter of Award (LOA) for setting up a 600 MW solar power plant at Jalaun Solar Park in Uttar Pradesh. The contract, awarded by Bundelkhand Saur Urja Limited, is valued at Rs. 2.73/kWh. The project has an estimated cost of Rs. 2831.11 crore and is to be executed within 18 months from the signing of the Power Purchase Agreement (PPA). This development marks a significant step for Coal India in expanding its renewable energy portfolio.

Key Highlights

  • Coal India secures 600 MW solar plant order in Uttar Pradesh.
  • Contract awarded by Bundelkhand Saur Urja Limited.
  • Project estimated at Rs. 2831.11 crore.
  • Execution timeline is 18 months post PPA signing.