The company said it received a commissioning certificate dated May 4, 2026, from Gujarat Energy Development Agency (GEDA) for the solar project located at Bhadramali village in Banaskantha district. The plant has been operational with effect from March 31, 2026.
The commissioning highlights Coal India’s gradual shift towards renewable energy as it looks to diversify its portfolio amid evolving energy demand dynamics. The company has been expanding its presence in solar and other non-coal segments as part of its long-term strategy.
Post the announcement, shares of Coal India Ltd were trading at ₹472.90, down 1.47% on the NSE in afternoon trade.
The renewable push comes even as the company continues to scale its conventional operations. Coal India has outlined an ambitious production target of 815 million tonnes, supported by strong operational buffers and steady demand trends.
Management has also indicated a focus on disciplined capital allocation, with a ₹1 lakh crore capital expenditure pipeline and plans to increase the contribution of non-coal businesses to around 10% of overall revenue.
Also Read: Coal India eyes 815 million tonne output, ₹1 lakh crore capex push
For Q4FY26, the company reported steady financial growth, with net profit rising 11.15% year-on-year to ₹10,839 crore. Revenue increased 8.5% to ₹46,490 crore, while EBITDA grew 6.2% to ₹12,673 crore.
With a market capitalisation of nearly ₹2.9 lakh crore and shares gaining about 23% over the past year, Coal India is balancing its dominant coal business with a measured expansion into cleaner energy segments.
