India’s coal PSUs to invest Rs 200 billion to set up renewable energy projects by 2028

Reportedly, India’s state-owned coal public sector undertakings (PSUs) are set to invest approximately Rs 200 billion in renewable energy projects over the next four years. The coal companies—Coal India Limited (CIL), Singareni Collieries Coal Limited (SCCL), and Neyveli Lignite Corporation (NLC)—have developed plans to achieve net zero emissions. NLC has already achieved net zero status with an installed renewable energy capacity of 1,600 MW, while SCCL is expected to reach net zero next year. CIL aims to achieve net zero status within three years. These initiatives will result in the coal companies having more renewable energy capacity than their thermal power requirements for operations.