This Maharatna PSU Stock Jumps 3% Amid Weak Market, Secures Rs 1,057 Crore Energy Storage Order; FII Stake Increases

Om DSIJ/ 30 Mar 2026 /Categories: Mindshare, Trending

This Maharatna PSU Stock Jumps 3% Amid Weak Market, Secures Rs 1,057 Crore Energy Storage Order; FII Stake Increases

Coal India receives Letter of Award for setting up a 750 MWh 187.5 MW four-hour Battery Energy Storage System project in Telangana

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On March 30, 2026, Coal India shares surged nearly 3 per cent to Rs 457 as of 12:30 PM, even as the broader market remained under pressure. The Nifty 50 was trading lower by 1.34 per cent, down 306 points at 22,513.60, resulting in overall weak sentiment. The stock has also seen a sharp rally of around 14 per cent since the onset of the Middle East conflict, driven by concerns over energy supply shortages, which have supported demand for coal.

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Coal India has received a Letter of Award from Telangana Power Generation Corporation Limited for setting up a 750 MWh Battery Energy Storage System project at Choutuppal, Telangana.

Coal India Wins LOA for 750 MWh BESS Plant in Telangana Worth Rs 1,057 Crore

Coal India has received a Letter of Award from Telangana Power Generation Corporation Limited for setting up a 750 MWh, or 187.5 MW for four hours, Battery Energy Storage System plant at Choutuppal, Telangana. The estimated project cost stands at Rs 1,057.09 crore, with a tariff fixed at Rs 3.14 lakh per MW per month.

The project is to be executed within 18 months from the date of signing of the Battery Energy Storage Purchase Agreement. As part of the initial obligations under the Letter of Award, Coal India is required to submit the necessary documents within 15 days and provide a performance Bank guarantee. The order is domestic in nature and does not fall within related party transactions.

Coal India Shareholding Pattern: FII Increases Stake

Coal India’s shareholding pattern remained largely stable on a sequential basis. Promoter holding stood at around 63.13 per cent, unchanged compared to the previous quarter. Among institutional investors, FIIs increased their stake slightly to around 8.22 per cent from 7.96 per cent in the previous quarter, while DIIs saw a marginal decline to 22.53 per cent from 22.80 per cent. Public shareholding remained broadly stable at around 5.98 per cent.

About Coal India

Coal India Limited is a Maharatna public sector enterprise under the Ministry of Coal, Government of India, and is the world's largest coal-producing company. Headquartered in Kolkata, the company operates across multiple coalfields in India through its subsidiaries and plays a central role in meeting the country's energy needs. In recent years, the company has also been expanding its presence in the renewable energy and energy storage space.