https://indianmasterminds.com
Home » News » Coal India Awards ₹3,490 Crore 875 MW Solar Project to SWREL; FY26 Order Book Crosses ₹10,000 Crore
Jaipur: In a major push toward renewable energy diversification, Coal India Limited has declared Sterling and Wilson Renewable Energy Limited (SWREL) as the L1 bidder for a 875 MW AC grid-connected solar PV project in Bikaner, Rajasthan, on a turnkey EPC basis.
The total contract value, including operations and maintenance (O&M) and taxes, stands at approximately ₹3,490 crore.
The project marks a significant milestone as it is the first confirmed solar EPC award from Coal India to SWREL, signaling the PSU’s strategic shift from conventional coal operations toward large-scale renewable energy development.
Located in Bikaner, Rajasthan, one of India’s most solar-rich regions, the project will include:
Read also: ₹3,300 Crore Push: Coal India to Add 21.5 MT Washing Capacity Through 8 New Washeries
Alongside the Coal India project, SWREL has secured another 50 MW AC solar PV project from a leading private independent power producer (IPP) in Maharashtra.
Combined, the new domestic orders amount to approximately ₹3,550 crore.
With these latest wins, SWREL’s total EPC order inflow for FY26 has surpassed ₹10,062 crore, significantly exceeding its internal target for the year.
Company management highlighted that the milestone reflects strong demand in India’s renewable energy sector and SWREL’s execution capabilities across large-scale solar projects.
Commenting on the development, Chandra Kishore Thakur, Global CEO of SWREL, said:
“We are delighted to announce our first project from Coal India and to partner in their renewable energy growth story. Closing FY26 with over ₹10,000 crore in EPC inflows is a significant achievement and well above our initial target.”
He added that India’s renewable energy growth trajectory remains strong and SWREL is well-positioned to sustain momentum.
SWREL continues to strengthen its position as a leading global solar EPC player with:
The company formally disclosed the order details to both BSE and NSE, stating that the contracts are part of its normal business operations.
Coal India Limited is a Maharatna public sector enterprise and the world’s largest coal-producing company. While traditionally focused on coal mining, the company is now actively diversifying into renewable energy projects such as solar power to support India’s clean energy transition and sustainability goals.
Read also: Coal India Limited Invests ₹961 Crore in Solar Projects, Surpasses FY26 Capex Target and Accelerates Net-Zero Plan

source