Coal India Ltd's Solar Capex Surges 2.33X to Rs. 961 Crores Till Jan FY'26

Coal India Ltd (CIL) has reported a significant growth in its capital expenditure (capex) on solar initiatives, which reached Rs. 961 Crores till January FY 2026. This is a 132% target satisfaction against the progressive target of Rs. 729 Crores and a 2.33X surge compared to the same period last year. CIL is aiming to become a Net-Zero entity by installing 3,000 MW of renewable solar capacity by FY 2028. The company has already set up around 247 MW of renewable energy capacity and plans to increase it to 675 MW by the end of this fiscal year. CIL is also actively participating in solar auctions and 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.