Coal India Limited has informed the Exchange regarding a press release dated May 08, 2025, titled "CIL and AM Green aim for India s largest RE Supply Contract; sign MoU".
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Coal India has signed a non-binding MoU with AM Green Ammonia to supply 4,500 MW of renewable energy (2,500-3,000 MW solar plus 1,500-2,000 MW wind) for AM Green's upcoming green ammonia plants. The total investment is estimated at around Rs. 25,000 Crores, with solar projects planned in Gujarat and Rajasthan, and wind projects in southern states. AM Green, promoted by Greenko founders, targets 5 million tons per annum of green ammonia by 2030. CIL says this is part of its plan to become an integrated energy provider beyond its core coal business.
This is a positive strategic development for Coal India shareholders — it shows meaningful diversification into clean energy with a large, marquee partner, potentially opening a new long-term revenue stream. However, the MoU is non-binding and execution risks (timelines, costs, land acquisition) remain, so near-term stock impact may be limited.