Coal India Ltd, a state-owned coal miner, has dissolved its solar manufacturing arm, CIL Solar PV Ltd, marking the end of its proposed entry into integrated solar PV manufacturing.
In a regulatory filing, Coal India said today that the name of its arm CIL Solar PV Ltd has been struck off from the Register of Companies under Section 248(5) of the Companies Act, 2013, and that the company now stands dissolved.
The move follows a public notice issued by the Ministry of Corporate Affairs in April 2026, which stated that the Registrar of Companies proposed to remove or strike off the name of CIL Solar PV Ltd under Section 248(2) of the Companies Act, 2013.
Coal India had formed CIL Solar PV Ltd as a special-purpose vehicle (SPV) to set up a planned 4 GW solar PV manufacturing facility covering ingots, wafers, cells and modules in India.
The proposed gigafactory formed part of Coal India’s broader diversification strategy as the company sought to expand beyond coal mining into integrated PV module manufacturing. The company has forayed into renewables development to decarbonisation operations. It plans to install 3 GW of renewable energy generation capacity by 2027-28 and 9.5 GW by 2029-30 pan India.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].
Comments
Please login to comment
It’s interesting to see how Coal India is adjusting its plans in response to the changing renewable energy landscape. The decision to scrap the Meccha Chameleon solar manufacturing arm raises questions about how the company will approach its broader clean energy strategy in the future. It will be interesting to follow what direction they take next.
Wow, that’s an interesting shift for Coal India! Talk about diversifying, then pulling back. It makes you wonder about the long-term strategies of these massive companies. Thinking about pivots like that reminds me of how much the gaming industry also evolves. You see developers try new things all the time. Speaking of things that always deliver a tense and suspenseful experience, has anyone here played much of FNAF ? It’s such an iconic horror game! I still get chills thinking about some of those jump scares. What do you guys think will be the next big unexpected move for a company of Coal India’s scale?
Interesting decision, especially at a time when solar manufacturing is growing so quickly in India. It’ll be interesting to see whether Coal India focuses more on energy generation projects instead of manufacturing itself. fnaf
[…] By pv magazine India […]
[…] into integrated solar PV manufacturing.The headquarters of Coal IndiaImage: Coal India LimitedFrom pv magazine IndiaIndian state-owned coal miner Coal India Ltd has dissolved its solar manufacturing arm, CIL Solar PV […]
The new issue of pv magazine Global is out now!
Available in print and digital – get your copy today!
You have no items in your basket.
