Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Govt Defence OrderBusiness Updates View source PDF Explain this filing

TATAPOWER · price

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Price reactionminutes from the announcement price · days from the prior close

-1.3%Reaction day

₹407.45

prior close

₹404.00

announcement price

After-mkt

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.5%-1.7% vs market

Power peers, median of 35sector · industry level-0.2%-1.1% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty 100 and 1.1 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-1.3+0.5-1.7-0.2-1.1

Next day

-2.0+0.3-2.4-0.3-1.8

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15d

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-2.3+3.3-5.6-8.0+5.7

UpDownMarket · Nifty 100Sector · Power peers, median of 35Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.