Coal India, NLC India JV to pump in Rs 12,000 cr to install 3,000-MW solar power assets
KOLKATA: Coal IndiaNSE 0.67 % Ltd (CIL) and NLC IndiaNSE 2.07 % will jointly develop solar power assets of 3,000 MW with a likely investment of around Rs 12,000 crore, sources said on Saturday.
The two state-run companies had on Friday said they would form a JV to develop 5,000 MW of solar and thermal power assets across the country.
“A solar JV is already in process of formation with an initial capital of Rs 10 lakh. Once the company is formed, the respective company boards will decide the final contour
