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Title: Coal India to invest over Rs 5,650 crore over 4 years in solar to cut costs
Source:The Economic Times
Date:23 November 2020
Coal India, the world's largest coal miner, said on 23 November 2020 it would invest Rs 5,650 crore ($763 million) by March 2024 to build 14 solar projects to help power its mining operations and cut costs. The state-run company will fund nearly two-thirds of its plan to construct rooftop and ground-mounted solar power projects with a capacity of 3,000 MW with cash. A joint venture with lignite miner NLC India Ltd would finance the rest of the company's solar expansion, it said in a statement.
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