Coal India surpasses FY26 solar spending target, invests ₹961 Cr, targets 3,000 MW renewables by FY28Coal India surpasses FY26 solar spending target, invests ₹961 Cr, targets 3,000 MW renewables by FY28

Introduction

Leading coal producer increased capital expenditure on solar projects to Rs.961 Crores till January FY’26, surpassing targets, and plans 3,000 MW renewable capacity by FY’28.

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Share price movement of Coal India

On February 16, 2026, Coal India Limited opened at ₹408.90, down 0.01% from its previous close of ₹408.95. The stock reached a high of ₹423.90 (3.63%) and a low of ₹407.00 (-0.46%). By 2:37 PM, it traded at ₹422.00, a 3.19% increase, with a market cap of ₹2,60,067.14 crore.

CIL Solar Capex Surges FY26

Coal India Limited’s (CIL) capital expenditure on solar projects reached Rs.961 Crores till January FY’26. This is 132% of the progressive target of Rs.729 Crores and exceeds FY’26 capex target.

Year-on-year, CIL’s solar capex rose 2.33 times from Rs.412 Crores. The cost of setting up 1 MW solar capacity declined to Rs.4-4.5 Crores from Rs.5.5–6 Crores per MW earlier.

CIL aims to install 3,000 MW of renewable solar capacity by FY’28. Till December 2025, 247 MW renewable energy capacity was installed. Total capacity expected to reach 675 MW by fiscal year-end.

Upcoming projects include 100 MW in Patan and 300 MW in Khavda, Gujarat. CIL is planning 875 MW in Rajasthan, 500 MW in Uttar Pradesh, plus 20 MW floating solar, and participating in TBCB solar tenders.

Stock performance of Coal India for period of 1 week, 6 months, and 1 year

Coal India Ltd delivered a -5.27% return over the past week, gained 6.30% in the past 6 months, and rose 15.5% over the past 1 year.

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Shareholding pattern of Coal India

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	63%	63%	63.10%
FII	8.20%	8.00%	8.20%
DII	23%	22.90%	22.80%
Public	6.00%	6%	5.90%

About Coal India

Coal India Ltd (NSE: COALINDIA) mines and produces coal, operates washeries, and primarily supplies power, steel, cement, fertilizer, and brick kiln industries across India.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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