Coal India Wins Rs 4 bn Battery Energy Storage Project in Odisha

06 May 2026 CW Team

Coal India Limited (CIL) has secured a Letter of Award from GRIDCO Limited, Odisha, to develop a Battery Energy Storage System (BESS) valued at Rs 4 billion (Rs 4 bn), the company disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on 30 April 2026. The contract covers the establishment of a 320 MWh battery energy storage installation configured as 80 MW for four hours. The award follows a domestic bidding process and is intended to bolster grid operations in the state.

The BESS will be deployed across two clusters in Odisha, with Cluster one serving Padampur and Bolangir and Cluster two serving Bhatli and Basta. Tariffs have been set at Rs 0.304 million (Rs 0.304 mn) per MW per month for Cluster one and Rs 0.305 million (Rs 0.305 mn) per MW per month for Cluster two. The capacity structure and tariff framework align with requirements for ancillary grid services and renewable integration.

The estimated project cost is Rs 4 billion (Rs 4 bn) and the execution period is 18 months from signing of the Battery Energy Storage Purchase Agreement. Coal India will be required to submit statutory and contractual documents within 20 days, conclude the BESPA and furnish a Performance Bank Guarantee (PBG) as per the award conditions. The firm will carry out engineering, procurement and construction for the installations under the contract.

GRIDCO awarded the domestic contract to Coal India on an arm's length basis and the company confirmed there are no related party transactions. The project will enhance grid stability, support peak management and aid the integration of renewable generation into the regional network. Coal India will proceed with mobilisation and project planning following regulatory and contractual clearances.

Infrastructure Transport

06 May 2026

Pune To Build Nine Km Link Road Between Highways

The Pune Municipal Corporation (PMC) has decided to appoint an expert to plan the development of a nine km long, 60 metre wide road from Khadi Machine chowk to Wadki chowk as an extension to the Katraj-Kondhwa road to link the Mumbai-Satara and Pune-Solapur national highways. The scheme is intended to divert heavy vehicle traffic away from the city and improve access between the two arterial routes. The project has been prioritised by the PMC and forms part of a larger set of schemes in which 19 roads have been identified for development at a combined cost of Rs 9.82 billion (bn) to address c..

Barabanki Bahraich Six Lane Highway Approved in Uttar Pradesh

The Uttar Pradesh government has approved construction of a new six-lane highway linking Barabanki and Bahraich as part of National Highway 927, and the cabinet has cleared the project. The alignment will pass through Mustafabad and Kaiserganj and extend for about 101.5 km, creating a key corridor for local and long-distance movement. The National Highways Authority of India will oversee the work and has signalled the scheme is intended to strengthen regional connectivity and cross-border access to Nepal. The project carries an estimated total cost of Rs 69,690 million, equivalent to Rs 69.69..

Toll At Kharegaon Likely As Highway Upgrade Nears Completion

A section of the highway at Kharegaon has undergone an upgrade and is approaching completion, and authorities have indicated plans for a toll to be introduced once works finish. The project has focused on strengthening the carriageway, improving drainage and upgrading intersections to enhance safety and capacity. Officials have said the toll will be used to recover construction costs and fund ongoing maintenance. The upgrade included resurfacing of the pavement, widening of certain stretches and installation of modern signage and lighting to reduce accident risk. Contractors completed most ma..