Coal India Limited Wins 750 MWh Battery Storage Contract in Telangana
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Coal India Limited lands its first large‑scale battery storage deal, a 750 MWh (≈187.5 MW for four hours) project in Telangana that could add ≈6‑7 % to its turnover.
- Contract value: about Rs 1,057.09 crore, with a tariff of Rs 3.14 lakh per MW per month and an expected annual cash flow of Rs 667 crore once operational.
- Timeline & lifespan: 18 months to design, supply, install and commission; the plant is slated for a 10‑year operating period.
- Strategic impact: First battery‑storage venture for CIL, diversifying away from pure coal and aligning with India’s push for grid stability and renewable integration.
- Financial relevance: The project may contribute 6‑7 % of current turnover, but its upside hinges on disciplined cost control and on‑time execution.
- Risk safeguards: Fixed‑price equipment contracts, performance‑linked guarantees, and project‑specific financing are in place to curb cost overruns, execution delays, and regulatory or debt‑related risks.
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