Coal India Bags 600 MW Solar Project at Jalaun Solar Park in Uttar Pradesh

Coal India Limited has received a Letter of Award (LoA) from Bundelkhand Saur Urja Limited for setting up a 600 MW (300 MW × 2) solar power plant at Jalaun Solar Park in Uttar Pradesh. The project has an estimated cost of ₹2,831.11 crore and will be developed at a tariff of ₹2.73 per kWh. 

As per the company's exchange filing, the project is to be executed within 18 months from the signing of the Power Purchase Agreement (PPA). 

Coal India Receives LoA for 600 MW Solar Project 

Coal India said the order has been awarded by Bundelkhand Saur Urja Limited, a domestic entity. 

The project involves the development of 600 MW (300 MW × 2) of solar generation capacity at Jalaun Solar Park, Uttar Pradesh, with an estimated project cost of ₹2,831.11 crore. 

Coal India Q1 FY27 Operational Update 

Separately, Coal India released its provisional operational performance for the first quarter of FY27. The company reported coal production of 169.6 million tonnes (MT) during the April-June quarter, compared with 183.3 MT in the corresponding period last year, reflecting a 7.5% year-on-year decline. 

Despite lower production, coal offtake increased 3.5% year-on-year to 197.7 MT, compared with 191 MT in the year-ago period. 

For June 2026, Coal India's production stood at 57.4 MT, marginally lower than 57.8 MT recorded in June 2025. Meanwhile, coal offtake increased 7.5% year-on-year to 65.8 MT, up from 61.2 MT. 

Coal India has set a production target of 815 MT for FY27. With 169.6 MT produced during the first quarter, the company achieved approximately 21% of its annual production target. 

Earlier, the company had reported an 11% decline in coal production during May 2026. 

Read More: Coal India Share Price in Focus; Reports June 2026 Production and Offtake Figures

Coal India Share Price Performance 

As of July 1, 2026, Coal India share price closed at ₹434.75 each on the NSE, down ₹4.30, or 0.98%, from its previous close of ₹439.05.  

During the trading session, the stock opened at ₹439.00, touched an intraday high of ₹439.00 and a low of ₹433.20.  

Coal India had a total market capitalisation of ₹2,68,171.12 crore as of the market close. 

Conclusion 

Coal India has secured a Letter of Award for developing a 600 MW solar power project at Jalaun Solar Park in Uttar Pradesh, expanding its presence in the renewable energy segment. Separately, the company reported lower coal production but higher offtake during the first quarter of FY27 as it progresses towards its annual production target. 

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