The government has given consent to CIL to Rs 1 lakh crore diversification plan in eastern India. This includes two aluminium and solar module manufacturing value chains which is India’s first polysilicon facility to compete with China. The Rs 1 lakh crore plan is divided into three SPV’s which are Rs 45, 500 crore for integrated solar wafer manufacturing facility, Rs 38,000-crore green-field aluminium project and Rs 23,400-crore for aluminium smelting unit. Besides the diversification plan, CIL plans to expand existing projects to meet the country’s coal demands.
CIL to diversify Rs 1 lakh crore plan into aluminium projects
