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Coal India Ltd. ( (IN:COALINDIA) ) just unveiled an announcement.
Coal India Limited has received a Letter of Award from Telangana Power Generation Corporation to set up a 750 MWh battery energy storage system plant, equivalent to 187.5 MW for four hours, at Choutuppal in Telangana. The domestic contract, carrying an estimated project cost of Rs 1,057.09 crore and a tariff of Rs 3.14 lakh per MW per month, is to be executed within 18 months from signing the battery energy storage purchase agreement.
The award marks a notable move by Coal India into large-scale grid storage infrastructure, aligning the coal major with India’s broader transition toward a more flexible and renewable-friendly power system. Successful execution could open a new revenue stream and position the company as a significant player in energy storage solutions, while supporting Telangana’s efforts to enhance grid reliability and integrate more renewable power into its network.
More about Coal India Ltd.
Coal India Limited is a state-owned Maharatna company and the world’s largest coal producer, with operations spanning mining, supply, and associated services across India. Traditionally focused on meeting the country’s thermal coal demand for power generation and industrial use, it is increasingly exploring diversification into emerging energy and storage solutions to support the evolving power sector.
Average Trading Volume: 811,077
Technical Sentiment Signal: Strong Buy
Current Market Cap: 2743.3B INR
For detailed information about COALINDIA stock, go to TipRanks’ Stock Analysis page.