Mumbai: Coal India Limited (CIL) has won a major order worth ₹1,057 crore from Telangana Power Generation Corporation (GENCO). The company received a Letter of Award (LoA) to set up a battery energy storage system (BESS) project.
Project Details
The project will be developed at Choutuppal in Telangana. It will have a capacity of 750 MWh, which means it can supply 187.5 MW of power for four hours.
This kind of battery system helps store electricity and supply it when demand is high, making power supply more stable and reliable.
Timeline and Agreement
Coal India said the project will be completed within 18 months after signing the Battery Energy Storage Purchase Agreement (BESPA).
As part of the deal:
- The company will supply power at a tariff of ₹3.14 lakh per MW per month
- It must submit performance bank guarantees and required documents within 15 days
- After that, the final agreement will be signed
Entry into Clean Energy
This project shows Coal India’s growing focus on clean energy and new technologies. Traditionally known for coal mining, the company is now expanding into renewable and energy storage sectors as part of India’s energy transition.
No Conflict of Interest
The company clarified that the order is from a domestic entity and does not involve any related party transactions.
Stock Performance
Shares of Coal India closed slightly higher at ₹445.10 before the announcement. The stock has gained around 14.63% in the last six months, reflecting positive investor sentiment.
This project is an important step for Coal India as it moves beyond coal and enters the future-focused energy storage business.
