Coal India Wins Rs 2831.11 Cr Order for 600 MW Solar Plant in UP

Coal India has secured a significant order worth Rs 2831.11 Cr from Bundelkhand Saur Urja Limited for the development of a 600 MW solar power project. The Letter of Award mandates the establishment of the plant at Jalaun Solar Park in Uttar Pradesh, marking a major expansion into renewable energy generation for the state-owned miner. The project will be developed in two phases of 300 MW each.

The contract stipulates a tariff rate of Rs 2.73/kWh for the power generated. Coal India is required to submit necessary documents as per the Letter of Award and subsequently sign the Power Purchase Agreement (PPA), Inter-State Transmission System Agreement (ISTA), and Land Use Rights Agreement (LURA). A key condition requires the submission of upfront solar park development charges before the signing of the ISTA by Coal India.

Project Details and Timeline

The order was awarded by a domestic entity, and the execution timeline is set at 18 months from the signing of the PPA. The company confirmed that the promoter, promoter group, or group companies hold no interest in the entity awarding the contract. Furthermore, the transaction does not fall under related party transactions.

The following table outlines the key particulars of the order:

Particulars:	Details
Entity Awarding the Order:	Bundelkhand Saur Urja Limited
Nature of Order:	Letter of Award for Setting up of 600 MW (300 MW X 2) Solar Plant at Jalaun Solar Park, UP @ Rs 2.73/kWh
Estimated Project Cost:	Rs 2831.11 Cr
Time Period for Execution:	18 months from signing of PPA
Domestic/International:	Domestic

The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI LODR Regulations, 2015. The filing was signed by Bijay Prakash Dubey, Executive Director (Company Secretary) and Compliance Officer.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.98%	-2.16%	-5.06%	+9.23%	+10.92%	+196.45%

Coal India disclosed the provisional Single Window Mode Agnostic (SWMA) e-auction sales data for June 2026, revealing a total allocation of 108.76 lakh tonnes across its subsidiaries. The company reported that the allocated quantity commanded a premium of 42% over the notified price during the month. This data was submitted to the stock exchanges in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

The filing provides a detailed breakdown of performance across eight subsidiaries and the parent entity for the month of June 2026. Mahanadi Coalfields Limited (MCL) offered the highest quantity at 94.67 lakh tonnes, though the allocation percentage was 30%. South Eastern Coalfields Limited (SECL) followed with an offer of 49.24 lakh tonnes and achieved a 75% allocation rate. Northern Coalfields Limited (NCL) and North Eastern Coalfields (NEC) recorded 100% allocation of their offered quantities.

Monthly Performance: June 2026

Subsidiaries of CIL	ECL	BCCL	CCL	NCL	WCL	SECL	MCL	NEC	CIL
Qty. offered (in Lakh Tonnes)	41.42	18.72	40.70	6.45	14.91	49.24	94.67	0.11	266.23
Qty. allocated (in Lakh Tonnes)	10.24	1.74	17.20	6.45	7.77	36.86	28.39	0.11	108.76
% Qty allocated	25%	9%	42%	100%	52%	75%	30%	100%	41%
% increase over Notified Price	59%	22%	14%	102%	30%	43%	28%	71%	42%

For the cumulative period of April to June 2026 (FY 2026-27), the total quantity offered reached 829.15 lakh tonnes, with 310.69 lakh tonnes allocated. The aggregate premium over the notified price for this quarter was 44%. MCL again led in the volume offered, while SECL secured the highest volume of allocations among the subsidiaries during this period.

Quarterly Performance: FY 2026-27 (Apr-June 2026)

Subsidiaries of CIL	ECL	BCCL	CCL	NCL	WCL	SECL	MCL	NEC	CIL
Qty. offered (in Lakh Tonnes)	121.47	58.55	129.71	18.40	56.54	144.96	299.11	0.41	829.15
Qty. allocated (in Lakh Tonnes)	25.62	7.79	46.69	18.40	30.01	111.29	70.48	0.41	310.69
% Qty. allocated	21%	13%	36%	100%	53%	77%	24%	100%	37%
% increase over Notified Price	56%	26%	15%	96%	32%	53%	33%	86%	44%