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On Wednesday, the MOIL said that its board has provided the approval to invest Rs 61.83 crore for setting up a solar power project for captive use.
It said in a BSE filing that “The Board of Directors of the company at its meeting held on February 10, 2016, has approved investment proposal for setting up 10.50 MW solar power project for captive use in the lease hold areas of company’s mines situated in Madhya Pradesh and Maharashtra, with a total estimated cost of Rs 61.83 crore.”
