Coal India and UPRVUNL Sign MoU to Develop 500 MW Solar Plant in Uttar Pradesh

On May 5, 2025, Coal India Limited (CIL) and U.P. Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) signed a non-binding Memorandum of Understanding (MoU) in Lucknow. The agreement outlines plans to set up a 500 megawatt (MW) solar power project in Uttar Pradesh.

As of 12:18 PM on May 6, 2025, Coal India share price was trading at ₹381.25, down 1.13% for the day, with a 12.52% decline over the past six months and a 17.23% drop over the past year.

Purpose and Scope of the MoU

The project is part of Coal India’s renewable energy efforts. According to the official exchange filing, the initiative is intended to meet the increasing energy demand in Uttar Pradesh and improve energy availability in the state. The MoU also includes a provision for exploring further opportunities for collaboration in the future, subject to mutual agreement.

Background and Related Developments

Coal India has recently undertaken similar energy-related partnerships. In April 2025, the company entered into an agreement with Damodar Valley Corporation (DVC) for setting up an ultra-supercritical power plant in Jharkhand. That project involves a total investment of ₹16,500 crore.

Read more: Coal India Share Price In Focus As It Implements Price Hike for Coal in 2025

Coal Production

Coal India remains the country’s largest coal producer, accounting for more than 80% of domestic coal output. In April 2025, the company produced 62.1 million tonnes (MT) of coal. This is nearly flat compared to 61.8 MT recorded during the same month last year.

Filing Details

The MoU was disclosed in a regulatory filing submitted to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The communication was signed by the company’s Secretary and Compliance Officer, B.P. Dubey. The filing noted that the agreement aligns with the company’s ongoing renewable and green energy initiatives.

Conclusion

The 500 MW solar project is a formal collaboration between CIL and UPRVUNL. It adds to Coal India’s recent energy projects and is part of the company’s larger operational plans involving both conventional and renewable sources. Further updates on project execution or future collaborations were not disclosed.

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