To meet the climate challenge, coal will be slowly phased out. This will have dramatic results. Indian Railways will lose huge revenues from coal transport. The closure of coal mines will cost millions of jobs, mostly in the eastern region. RE will employ far fewer people in the western region.
Indian solar module maker Jakson Group aims to expand into power generation with 5 GW of power capacity by 2030. The generation plans will allow Jakson to tap into the entire value chain of the business. The company manufactures modules and executes turnkey contracts to build renewable energy projects. Jakson plans to double its module-making capacity to 1.2 GW in the coming months and is exploring another location for a 1 GW cells-to-module facility.
Analysts say that a decline in the price of Coal India is a good buying opportunity. They consider Coal India as a stable play, mainly because of the robust power demand in India, and rural electrification initiatives. The OFS will be open for retail and non-retail investors on June 1 and 2