Coal India Limited has secured a major contract from Telangana Power Generation Corporation Limited for establishing a Battery Energy Storage System (BESS) plant, marking a significant step in the company's diversification strategy. The Letter of Award, received on March 28, 2026, encompasses the development of a 750 MWh capacity facility at Choutuppal.

Project Specifications and Financial Details

The awarded project involves setting up a comprehensive BESS facility with specific technical and financial parameters that demonstrate the scale of this undertaking.

Contract Terms and Conditions

The agreement establishes clear operational frameworks and compliance requirements for the project implementation. Coal India Limited must submit all required documents within 15 days of receiving the Letter of Award, followed by the formal signing of the Battery Energy Storage Purchase Agreement (BESPA). Additionally, the company is required to submit a Performance Bank Guarantee (PBG) as part of the contractual obligations.

Regulatory Compliance and Disclosure

The contract award has been disclosed in accordance with Regulation 30 of the Listing Regulations and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The transaction is classified as a domestic contract with no related party implications, as confirmed by the company's regulatory filing.

Strategic Implications

This contract represents Coal India Limited's expansion into the renewable energy storage sector, complementing India's growing focus on sustainable energy infrastructure. The 18-month execution timeline indicates an aggressive development schedule, reflecting the urgency of energy storage requirements in the region. The project's substantial value of Rs. 1057.09 crore underscores the significant investment in battery energy storage technology and Coal India's commitment to diversifying its business portfolio beyond traditional coal operations.

Coal India Limited has announced the cessation of four independent directors upon completion of their tenure, effective March 28, 2026. The Maharatna company informed both BSE and NSE about this board composition change through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Directors Completing Tenure

The four independent directors who completed their tenure are:

• CA Kamesh Kant Acharya (DIN- 09386642)
• Shri Punambhai Kalabhai Makwana (DIN- 09385881)
• Shri Bhojarajan Rajeshchander (DIN- 02065422)
• Smt. Mamta Palariya (DIN- 07749007)

Regulatory Compliance Details

Coal India Limited has provided comprehensive disclosure information as required under SEBI regulations. The company submitted detailed annexures containing specific information about each director's cessation, including their names, Director Identification Numbers (DIN), and the reason for change.

Filing and Documentation

The notification was signed by B.P. Dubey, Executive Director (Company Secretary) and Compliance Officer, and submitted to both major stock exchanges. The company referenced SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its compliance filing.

Company Information

Coal India Limited, headquartered in Kolkata with its registered office at Newtown, Rajarhat, operates as a Maharatna company. The cessation of these independent directors represents a routine governance matter as directors complete their prescribed tenure periods under corporate governance norms.