By Admin 
Coal India: There may be movement in the shares of Coal India, a giant government company associated with the mining sector in India, today because the company has received a big order worth Rs 1057.09 crore.
The company has received this contract from Telangana Power Generation Corporation Limited (TGGENCO). Under this, Coal India will have to set up a large Battery Energy Storage System (BESS) plant in Choutuppal, Telangana. This is a step taken towards clean energy away from coal mining.
source of income for the company
The capacity of this plant to be built by Coal India will be 750 MWH, which will be able to store electricity for 4 hours. The company has to complete work on this project within 18 months. The deal with TGGENCO is also a source of income for Coal India because under the agreement, Coal India will supply electricity at a tariff of 3.14 lakh MW per month.
Generally, Coal India has been known for coal mining, but now it is betting on technologies to store renewable energy like solar and wind. This will help in keeping the supply stable during times of heavy demand for electricity. For this order, the company will have to submit performance bank guarantee and other documents within 15 days and only then the formal agreement will be signed.
Coal India shares
Coal India has given strong returns to investors along with excellent dividends in the last one year. Till March 27, 2026, the share price of the company remained around Rs 445. It has given positive returns of 11-13 percent in the last one year. The company has also declared a dividend of Rs 26.40 per share in the last 12 months. Its 52-week high level is Rs 476 and low level is Rs 350.
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