Coal India Secures ₹1,057 Crore Battery Storage Initiative in Telangana
Synopsis
Coal India Limited has taken a significant stride in clean energy by securing a ₹1,057 crore battery storage project in Telangana, demonstrating its commitment to renewable energy. This project will enhance the company's portfolio and contribute to the energy transition.
Key Takeaways
Coal India Limited has secured a ₹1,057 crore battery storage project .
The project will be developed in Telangana with a capacity of 750 MWh .
Completion is targeted within 18 months of signing the agreement.
This initiative reflects Coal India's commitment to clean energy diversification.
Shares of Coal India have shown positive growth recently.
New Delhi, March 29 (NationPress) Coal India Limited (CIL) has announced the receipt of a Letter of Award (LoA) from the Telangana Power Generation Corporation Limited for the establishment of a substantial battery energy storage project in Telangana, underscoring its commitment to clean energy initiatives.
This project involves the construction of a 750 MWh battery energy storage system (BESS) at Choutuppal, with a capacity of 187.5 MW for four hours and an estimated investment of Rs 1,057.09 crore.
The regulatory filing stated, “Coal India Limited has received a Letter of Award (LOA) from Telangana Power Generation Corporation Limited for the establishment of a 750 MWh (187.5 MW for 4 hours) BESS Plant at Choutuppal.”
The company anticipates completing the project within 18 months following the signing of the Battery Energy Storage Purchase Agreement (BESPA).
As part of this agreement, Coal India will provide power at a rate of Rs 3.14 lakh per MW per month.
CIL also needs to present performance bank guarantees and other necessary documentation within 15 days, after which the formal contract will be executed.
The company emphasized that this contract has been awarded by a domestic entity, ensuring there are no related party transactions involved.
This initiative demonstrates Coal India’s increasing emphasis on diversifying its operations beyond traditional coal mining and venturing into renewable energy solutions.
As part of its long-term vision, the company has been progressively expanding its footprint in environmentally friendly energy alternatives.
Meanwhile, shares of Coal India saw an increase of 0.32 percent, closing at Rs 445.10 on Friday, prior to this announcement.
In the last six months, the stock has surged over 14 percent, indicating favorable investor sentiment.
On a year-to-date (YTD) basis, the share price has risen by Rs 44.65 or 11.15 percent.
Point of View
Coal India's recent announcement reflects a strategic shift towards renewable energy, highlighting the company's commitment to sustainability and diversification. This move is not only significant for the company but also for India's broader energy transition efforts, emphasizing the importance of clean energy initiatives in addressing climate change.
NationPress
20 Jun 2026
Frequently Asked Questions
What is the capacity of the battery storage project?
The project has a capacity of 750 MWh, equivalent to 187.5 MW for four hours.
How much will the project cost?
The total estimated cost of the project is ₹1,057.09 crore.
Who awarded the contract for the project?
The contract was awarded by the Telangana Power Generation Corporation Limited.
What is the expected completion time for the project?
The project is expected to be completed within 18 months from the signing of the Battery Energy Storage Purchase Agreement.
What is Coal India's focus in terms of energy?
Coal India is increasingly focusing on diversifying into renewable energy solutions beyond its traditional coal mining operations.
