Stay up to date with the latest breaking news, analysis and commentary on Mirae Asset Sharekhan. Find live updates, exchanges, stock news, earning news and more.
Tata Power Renewable Energy Ltd (TPREL), a subsidiary of The Tata Power Company Ltd, has signed its first Battery Energy Storage Purchase Agreement (BESPA) with NHPC.
The project, secured under NHPC's BESS Tranche-I tender through a competitive bidding route for Kerala State Electricity Board Limited being the end user of the Battery Energy Storage System (BESS) asset, involves setting up a 30 MW / 120 MWh battery storage system at the 220 kV substation in Area code,
Kerala.
The project will play a vital role in addressing peak power demand, enhancing grid flexibility, and enabling seamless integration of renewable energy in Kerala. It is part of NHPC’s broader initiative to develop 125 MW / 500 MWh of standalone battery storage capacity in the state of Kerala, under a Tariff-Based Competitive Bidding framework supported by Viability Gap Funding.
At 11.05 am, The Tata Power Company Ltd was trading at Rs. 408.05, down by 1.26%, with a volume of 1.12 lakh shares on the BSE.
Reliance Retail announces a landmark acquisition of Kelvinator
18 Jul 2025, 11:20AMPatanjali Foods announces bonus share issue in 2:1 ratio
17 Jul 2025, 12:28PMPremier Explosives bags an international export order for supply & mfg of defensive explosives worth Rs. 105 cr
16-07-2025 12:02:07Budget 2024 Analysis