The share price of the public sector mining and electricity generation company, NLC India, hit a historic high of ₹266 today, before closing at ₹253.15, on the NSE. As many as 2.27 crore shares worth ₹585 crore changed hands on the exchange today. Since all this cannot be met by only renewable energy, India is falling back on its energy mainstay — coal. Right now, 27,180 MW of thermal capacity is under construction, 12,000 MW has been bid out and 19,000 MW under clearances. It plans to invest ₹60,000 crore in thermal power plants and the mining for them and ₹22,000 crore in creating renewable energy assets.

Source: The Hindu December 28, 2023 04:18 UTC