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Coal India secures ₹400 crore contract for BESS plant

pre-market1 source ↓written by the desknot a recommendation

contract from GRIDCO
₹400 crore
designed for 4
80 MW capacity
tariff rates
₹3.04 lakh/MW/month
₹3.05 lakh/MW/month

Coal India Limited has secured a ₹400 crore contract from GRIDCO Limited to establish a 320 MWh Battery Energy Storage System (BESS) plant in Odisha. This project will enhance its footprint in the renewable energy sector, featuring an 80 MW capacity designed for 4 hours of operation.

Key Points:

• Project structured in two clusters with tariff rates of ₹3.04 lakh/MW/month and ₹3.05 lakh/MW/month.

• This contract marks a significant expansion for Coal India into energy storage solutions, potentially boosting its market position.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 3 May 2026, 07:10 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

COALINDIA closed −0.3% on the day of the news, from ₹481.45 to ₹479.95; Nifty +0.5% over the same session; futures OI −0.7%.

Bulletin at 07:10 IST on 3 May 2026. Every change is measured from ₹481.45, the last close before it, on 30 Apr. Nifty 50 is measured over the same sessions.

  • COALINDIA close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
COALINDIA closes around the bulletin against the close before the news, with Nifty 50 rebased to it444.67481.45518.23axis spans 17%before the news · 30 Apr481.45Nifty 50COALINDIAbulletinD0+1+3+524 Apr7 May18 MayFutures open interest, lotspeak 55,000Reference close ₹481.45. 16 sessions from 24 Apr to 18 May; the price axis spans 17 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before30 Apr₹481.45basebase
On the day4 May₹479.95▼ −0.3%▲ +0.5%−0.8 pp difference
+1 session5 May₹472.60▼ −1.8%▲ +0.1%−2.0 pp difference
+3 sessions7 May₹466.65▼ −3.1%▲ +1.4%−4.4 pp difference
+5 sessions11 May₹464.45▼ −3.5%▼ −0.8%−2.8 pp difference
Gap at the open, % · ₹
0.0%+0.14 on 4 May
Day's range, % · ₹
2.4%≈ 11 high to low
Volume on the day
0.57×the 20-session average
Futures OI on the day
▼ −0.7%−260 lots · long unwinding · price −0.3%
Futures OI open, lots
39,0004 May · 26 May expiry
Futures premium, ₹
+1.25+0.3% to spot
Puts per call, by OI
0.68from 0.71 the session before
Max pain
465from 465 the session before

Source NSE UDiFF bhavcopy · COALINDIA on the desk →

Thread · COALINDIAAll COALINDIA bulletins →

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