Coal India Limited has informed the Exchange about Bagging/Receiving of orders/contracts- Receipt of Letter of Award (LOA) from Telangana Power Generation Corporation Limited
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Coal India has received a Letter of Award from Telangana Power Generation Corporation Limited to set up a 750 MWh (187.5 MW for 4 hours) Battery Energy Storage System (BESS) plant at Choutuppal. The estimated project cost is Rs. 1,057.09 crore at a tariff of Rs. 3.14 lakh per MW per month. The project is to be executed within 18 months from the signing of the BESPA agreement. The order is from a domestic state government entity, with no related party interest.
This marks Coal India's entry into the energy storage space, diversifying beyond its core coal mining business. The order size (~Rs 1,057 crore) is modest relative to Coal India's overall revenue base, so the immediate stock impact is likely limited, but it signals a strategic pivot towards clean energy infrastructure.