Tata group stock in focus after it signs deal with NHPC for 120 Mw battery storageTata group stock in focus after it signs deal with NHPC for 120 Mw battery storage

Introduction:

Leading Tata group renewable energy subsidiary signed its first Battery Energy Storage Purchase Agreement for a 30 MW/120 MWh project in Kerala, aimed at enhancing grid stability and supporting renewable energy integration in the state.

Also Read: Tata group stock jumps 4% after despite reporting 82% decrease in Q1 net profits

Share price movement of Tata Power:

On July 18, 2025, Tata Power Company Ltd opened at ₹413.20, nearly unchanged from its previous close of ₹413.25. The stock hit a high of ₹414.30 and a low of ₹406.40. By 11:38 AM, it was trading at ₹409.20, down 0.98%, with a market cap of ₹1,30,753.29 crore.

Tata Power Signs First BESPA with NHPC:

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Ltd, has signed its first Battery Energy Storage Purchase Agreement (BESPA) with NHPC Limited for a 30 MW/120 MWh battery storage project in Kerala.

The project was secured through NHPC’s BESS Tranche-I tender for Kerala State Electricity Board Limited. It will be located at a 220 kV substation and operate under a 12-year BESPA to support peak demand and grid flexibility.

This project contributes to NHPC’s 125 MW/500 MWh battery storage plan. TPREL’s total renewable capacity now stands at 10.9 GW, including 5.6 GW operational capacity and 5.3 GW in various development stages.

Recent news on Tata Power:

As of June 26, 2025, Tata Power Ltd has applied for electricity distribution licenses in parts of Mumbai, Pune, Sambhaji Nagar, and Nashik, aiming to expand operations across key growth regions in Maharashtra.

Stock performance of Tata Power for Period of 1 week, 6 months, and 1 year:

Tata Power Company Ltd delivered a 4.18% return over the past week and gained 10.7% in the past six months. However, the stock declined by 3.84% over the past year.

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Shareholding pattern of Tata Power:

Particulars	Mar 2025	Dec 2024	Sep 2024
Promoter	47%	47%	47%
FII	9.40%	9.50%	9%
DII	16.20%	16.10%	17.00%
Public	27.60%	27.70%	27.00%

About Tata Power:

Tata Power Company Ltd (NSE: TATAPOWER) is India’s largest vertically-integrated power firm, engaged in electricity generation, transmission, and distribution, with focus on renewables, solar roof manufacturing, and EV charging infrastructure expansion.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.