Maharatna PSU Bags Rs 2,831 Crore Solar Project; June Coal Offtake Rises 7.5% YoY, Check Details
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Coal India has secured a Letter of Award for a 600 MW solar power project in Uttar Pradesh, while the company also reported higher coal offtake during June 2026.
✨ Key Takeaways
On Thursday, Indian benchmark indices traded higher, with the Nifty 50 rising 146.20 points, or 0.62 per cent, to 24,152.05. Amid the positive market sentiment, Coal India share price jumps 0.30 per cent to Rs 436.05.
Coal India Wins 600 MW Solar Project
Coal India Limited informed the stock exchanges that it has received a Letter of Award (LoA) from Bundelkhand Saur Urja Limited for setting up a 600 MW (300 MW × 2) solar power plant at Jalaun Solar Park, Uttar Pradesh. The project has been awarded at a tariff of Rs 2.73 per kWh and carries an estimated project cost of Rs 2,831.11 crore.
The company said the project is scheduled to be executed within 18 months from the signing of the Power Purchase Agreement (PPA). Coal India will also execute the Implementation Support Agreement (ISA) and Land Right User Agreement (LRUA) while completing other formalities before project execution. The company further clarified that the order has been awarded by a domestic entity and is not a related-party transaction.
June Offtake Grows Despite Flat Production
Alongside the project announcement, Coal India also released its provisional production and offtake performance for June 2026.
During the month, the company's coal production stood at 57.4 million tonnes, marginally lower than 57.8 million tonnes reported in June 2025. However, coal offtake increased 7.5 per cent year-on-year to 65.8 million tonnes, compared with 61.2 million tonnes in the corresponding month last year, reflecting healthy demand.
For the April–June FY27 period, Coal India's cumulative production stood at 169.6 million tonnes, while cumulative offtake reached 197.7 million tonnes, registering 3.5 per cent growth over the corresponding period of the previous financial year.
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About Coal India
Coal India Limited is a Maharatna Central Public Sector Enterprise (CPSE) and the world's largest coal-producing company. Besides its core coal mining business, the company is expanding its renewable energy portfolio through large-scale solar power projects to support India's clean energy transition. The latest 600 MW solar project further strengthens the company's diversification strategy while maintaining its leadership in domestic coal production.
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Disclaimer: The article is for informational purposes only and not investment advice.