News Detail

<p style="text-align: justify;"><strong><span style="font-family:calibri"><span style="font-size:14px">News:</span></span></strong></p> <p style="text-align: justify;"><span style="font-family:calibri"><span style="font-size:14px">State-run Coal India (CIL) will invest Rs 6,000 crore to set up 1,000 MW of solar power generation capacity over the next five to six years, according to a senior company executive. &quot;We will fund 70% of the project cost through debt, which will come mostly from banks, while the rest will be through internal resources.<br /> <span style="font-size:10px">Source: ET</span></span></span></p> <p style="text-align: justify;"><strong><span style="font-family:calibri"><span style="font-size:14px">SNP Insights:</span></span></strong></p> <p style="text-align: justify;"><span style="font-family:calibri"><span style="font-size:14px">CIL to invest INR 60 Billion in solar power is seem to be strategic move &nbsp;to invest its stock pile cash. It would help in reducing cost of sourcing power considering the availability of captive&nbsp;land. Also, it may help in trade-off the environmental impact caused by its operation and to fulfilling the CSR.<br /> <span style="font-size:10px">Source: SNP Infra Research</span></span></span></p>