Coal India to setup 3 GW solar power projects worth Rs 5,650 crore by 2024
Tue, Nov 24, 2020 9:15 PM

Coal India to setup 3 GW solar power projects worth Rs 5,650 crore by 2024

A Flip by Flipitnews
Get it on Google Play
Coal India (CIL) will set up 14 rooftop and ground-mounted solar power projects of 3,000 MW (3 GW) capacity worth Rs 5,650 crore by 2023-24. This is part of its goal to become a net-zero carbon company, it told the exchanges on November 23. Of the Rs 5,650 crore investment, Rs 3,650 crore is planned from CIL’s capex till 2023-24, while the rest will be funded through joint venture models.

More great flips

It’s buy-the-dips time; Nifty support at 22,300

It’s buy-the-dips time; Nifty support at 22,300

The immediate support for Nifty is around 22,300, followed by 22,100-22,000; and any dips should be seen as a buying opportunity as the index could attempt to rally towards new record highs soon, according to TAs. Stocks such as M&M, TVS Motors, Coal India, Grasim, ACC, Gail, Concor, National Aluminium, MTAR Tech, APL Apollo, Exide, Aurobindo Pharma and HEG could witness strong buying interest.

Open Flip
Railway Stock Jumps After Finalising ₹915 Cr Contract With Bangladesh

Railway Stock Jumps After Finalising ₹915 Cr Contract With Bangladesh

RITES‘ share price was upbeat on Tuesday morning making gains for the third straight session after bagging the massive order. What Happened: The rail infra company announced on Monday that it has signed a contract with Bangladesh Railway to supply 200 Broad Gauge passenger coaches. The deal, valued at $111.26 million (approximately ₹915 crore), was awarded through a global competitive bidding.

Open Flip
Banks push Australia shares down; James Hardie dips to 5-month low

Banks push Australia shares down; James Hardie dips to 5-month low

Australian shares declined on Tuesday, as losses in financial stocks countered gains in miners and tech stocks, while James Hardie Industries plunged to its lowest level in five months. The S&P/ASX 200 index fell 0.1% to 7,857 points by 0047 GMT. The benchmark had risen 0.6% on Monday. Shares of James Hardie Industries were set to emerge as the top losers on the benchmark.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon