Order Win (Renewable / Energy Storage)
Coal India Wins ₹1,057 Cr BESS Project from Telangana Power
NSE
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BSE
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Coal India has secured a Letter of Award (LOA) from Telangana Power Generation Corporation for a 750 MWh Battery Energy Storage System (BESS) project worth ₹1,057 crore.
PRICE-SENSITIVE TRIGGER
Event: LOA Received for BESS Project
Type: Order Win (Renewable / Energy Storage)
Impact: Positive
Immediate Effect: Expands Coal India beyond coal into future energy infrastructure, Strengthens long-term diversification strategy.
Client
Telangana Power Generation Corporation Ltd
Execution Timeline
18 Months
Order Value
₹1,057.09 Crore (Estimated)
Capacity
750 MWh (187.5 MW × 4 hrs)
What Happened ?
Coal India Limited has received an LOA for:
- Setting up a 750 MWh BESS plant
- Located at Choutuppal, Telangana
Key details:
- Capacity: 187.5 MW for 4 hours
- Execution timeline: 18 months from agreement (BESPA)
- Includes submission of performance guarantees and compliance documentation
Detailed breakdwon
Project Type
- Battery Energy Storage System (BESS)
- Critical for:
- Renewable integration
- Grid stability
Contract Terms
- LOA followed by BESPA agreement
- Documentation submission within 15 days
- Performance Bank Guarantee (PBG) required
Strategic Importance
- Coal India entering clean energy + storage ecosystem
- Aligns with:
- India’s renewable push
- Grid balancing requirements
Revenue Structure
- Tariff-based revenue model
- Long-term earnings potential
Management commentary
- Expanding beyond traditional coal business
- Focus on energy transition opportunities
- Strengthening role in India’s evolving power ecosystem
Risk Analysis
Key Risks
- Execution capability in new segment (BESS)
- Technology & integration risks
- Policy or tariff changes
Worst Case Scenario
Project delays or underperformance → impact on diversification narrative
Risk Level: Medium
Reason:
- Strong PSU backing, but new domain execution risk
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