Tata Power Company Limited has informed the Exchange regarding a press release dated July 18, 2025, titled "Press release titled Tata Power Renewable Energy Limited secures 120 MWh BESS Battery Energy Storage Purchase Agreement from NHPC Limited for Kerala State Electricity Board Limited .
TATAPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tata Power's renewable energy subsidiary (TPREL) has signed its first standalone Battery Energy Storage Purchase Agreement (BESPA) with NHPC Limited, a central government PSU. The project involves setting up a 30 MW / 120 MWh battery storage system at a 220 kV substation in Kerala, with Kerala State Electricity Board as the end user, under a 12-year agreement to be commissioned within 15 months. It is part of NHPC's broader 125 MW / 500 MWh standalone battery storage initiative in Kerala, awarded through competitive bidding with Viability Gap Funding support. The win marks TPREL's entry into the standalone BESS segment, taking its total renewable capacity to about 10.9 GW (5.6 GW operational, 5.3 GW under development). The project aligns with India's target of 500 GW of non-fossil fuel capacity by 2030.
Modest in near-term revenue terms but strategically important — it gives TPREL a foothold in the fast-growing standalone battery storage market and strengthens its positioning as a full-stack clean energy player. Positive for long-term growth as energy storage becomes critical for grid stability and round-the-clock renewable power delivery.