Coal India Secures Contract for 600 MW Solar Plant at Jalaun Park in Uttar Pradesh
Coal India Limited has secured a significant contract related to setting up a large-scale solar power plant in Uttar Pradesh. The order pertains to the Letter of Award (LOA) for the development and operation of a 600 MW solar project at Jalaun Solar Park, with a domestic entity.The contract involves BUNDELKHAND SAUR URJA LIMITED. According to the details provided, the nature of the transaction is the award of a Letter of Award for setting up a 600 MW solar plant (specifically noted as 300MWx 2) at Jalaun Solar Park in Uttar Pradesh. The rate specified for this contract is Rs. 2.73/kWh.
The overall scope of the project stands at 600 MW, and the estimated project cost amounts to Rs. 2831.11 Cr. The contract execution period is set at 18 months from the signing of the Power Purchase Agreement (PPA).
Key details regarding the order are summarized below:
| Particulars | Details |
|---|---|
| Entity Awarding Contract | BUNDELKHAND SAUR URJA LIMITED |
| Nature of Order | Letter of Award for Setting up 600 MW Solar Plant |
| Location | Jalaun Solar Park, UP |
| Rate | Rs. 2.73/kWh |
| Estimated Project Cost | Rs. 2831.11 Cr |
| Contract Size | 600 MW |
| Execution Timeline | 18 months from signing of PPA |
The contract requires the submission of necessary documents as per the LOA, followed by the signing of the PPA, ISA, and LRUA. It also stipulates that upfront Solar park Development charges must be submitted before CIL signs the ISA.
Regarding related party transactions, there was no reported interest from the promoter or the promoter group companies in the entity awarding the order. The transaction has been confirmed to be non-related party business.
COALINDIA Stock Price Movement
Coal India Limited's shares today slipped by 0.89% to settle at ₹434.75, marking a marginal decline from the previous close of ₹439.05. The stock traded a total volume of 3.39 million shares during the session as it closed in the energy sector.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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