Coal India Bags ₹1057 Crore BESS Plant Order from Telangana Power Generation
Coal India secured an order from Telangana Power Generation Corporation for a 750 MWh BESS plant. The project, with an estimated cost of ₹1057.09 crore, will be executed within 18 months of signing the BESPA. The tariff is ₹3.14 lakh/MW/Month.
The order represents a substantial project cost of over ₹1000 crore, indicating a significant business development for Coal India, hence a medium impact.
The company has received a significant Letter of Award for a new project, which is positive for business growth and revenue.
Coal India Limited has received a Letter of Award (LOA) from Telangana Power Generation Corporation Limited for the setting up of a 750 MWh (187.5 MW for 4 hours) Battery Energy Storage System (BESS) Plant at Choutuppal.
The LOA details specify that Coal India needs to submit required documents within 15 days, followed by the signing of the Battery Energy Storage Power Purchase Agreement (BESPA). Coal India is also required to submit a Performance Bank Guarantee (PBG).
The contract is for the establishment of a 187.5 MW / 750 MWh capacity plant, with an estimated project cost of ₹1057.09 crore. The execution period for the contract is 18 months from the signing of the BESPA. The tariff for the project is set at ₹3.14 lakh/MW/Month.
This order has been awarded by a domestic entity, and neither the promoter nor any group companies of Coal India have any interest in Telangana Power Generation Corporation Limited. The transaction does not fall within related party transactions and is considered to be at arm's length.
What to do with a filing like this
Coal India Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Coal India Limited. Read the original for the full detail.