Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
TATAPOWER · price
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Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has been selected by NHPC Limited to set up a Battery Energy Storage System (BESS) of 30MW/120MWhr capacity at the Mulleria substation in Kasaragod, Kerala. The system will be used by Kerala State Electricity Board Limited (KSEBL) to store excess energy. The total contract is worth approximately ₹110 crore (around $13 million) and includes both development and 12 years of operation. TPREL has 15 months to build the project after signing the power purchase agreement. The contract was awarded through international bidding, with NHPC acting as facilitator between TPREL and KSEBL, and includes a viability gap funding component from the central government.
While the order size is relatively small (~₹110 crore) compared to Tata Power's overall revenue, it strengthens TPREL's position in the growing battery storage business and adds long-term recurring income over a 12-year operating period. For retail investors, this is a positive but modest development, reinforcing Tata Power's renewable energy and energy storage strategy.