CALCULATE YOUR SIP RETURNS

Tata Power Renewable, an Arm of Tata Power, Secures First Battery Storage Project in Kerala from NHPC

Written by: Kusum KumariUpdated on: 18 Jul 2025, 5:44 pm IST
TPREL wins its first battery energy storage deal from NHPC to set up a 120 MWh BESS in Kerala, supporting grid stability and India’s clean energy goals.
Tata Power Renewable, an Arm of Tata Power, Secures First Battery Storage Project in Kerala from NHPC
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Tata Power Renewable Energy Limited (TPREL), a key renewable energy arm of Tata Power, has signed its first-ever Battery Energy Storage Purchase Agreement (BESPA) with NHPC Limited. This agreement marks a major milestone for TPREL as it enters the standalone battery storage segment.

Project Details

The deal involves setting up a 30 MW / 120 MWh battery energy storage system (BESS) at a 220 kV substation in Kerala. This project was received through a competitive bidding method under NHPC’s BESS Tranche-I tender for the Kerala State Electricity Board Limited.

Supporting Grid and Energy Goals

The battery storage system will help manage peak electricity demand, improve grid flexibility, and support the use of renewable energy in Kerala. It aligns with NHPC’s broader goal of setting up 125 MW / 500 MWh of standalone BESS in the state. The project will operate under a 12-year agreement and is expected to be completed within 15 months.

A Boost to India’s Clean Energy Mission

This project is part of the Government of India’s target of achieving 500 GW of non-fossil fuel energy capacity by 2030. Supported by Viability Gap Funding and guided by the Ministry of Power, it strengthens the role of energy storage in India’s energy transition.

TPREL’s Growing Portfolio

TPREL is already running a combined solar and BESS project in Rajnandgaon, Chhattisgarh, featuring a 100 MW solar plant and 120 MWh storage. The new Kerala project is TPREL’s first standalone battery storage win. With this, TPREL's total renewable energy capacity now stands at around 10.9 GW — including 5.6 GW in operation (4.6 GW solar and 1 GW wind) and 5.3 GW under development.

About Tata Power

Tata Power, part of the Tata Group, operates a total power portfolio of 15.7 GW across renewables and conventional energy. It also works in transmission, distribution, trading, storage, and solar manufacturing. About 6.9 GW of its capacity is clean energy. The company aims for carbon neutrality before 2045 and serves nearly 12.8 million customers across India.

Also Read:Anil Ambani’s Reliance Defence Eyes Global Aerospace With ₹10,000-Crore Bet!

Tata Power Share Price Movement

As of July 18, Tata Power share price (NSE: TATAPOWER) is ₹410.00, down ₹3.45 or 0.83% for the day. The stock opened at ₹411.00 and touched a high of ₹414.15 and a low of ₹406.15 during the session. The company has a market capitalisation of ₹1.31 lakh crore, a P/E ratio of 33.04, and offers a dividend yield of 0.55%. Its 52-week high is ₹494.85, while the 52-week low stands at ₹326.35. The latest quarterly dividend amount is ₹0.56 per share.

Conclusion

With this first standalone battery storage project in Kerala, TPREL takes a big step forward in energy storage and renewable integration. The project not only strengthens Tata Power’s leadership in clean energy but also supports India’s ambitious climate and energy goals.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jul 18, 2025, 12:12 PM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

Know More

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 3 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3 Cr+ happy customers