Tata group stock jumps after it partners with ONGC for battery energy storage systemTata group stock jumps after it partners with ONGC for battery energy storage system

Introduction:

Leading Tata group company has partnered with ONGC to explore opportunities in Battery Energy Storage Systems. This collaboration aims to enhance grid stability, renewable energy integration, and EV infrastructure, supporting India’s transition towards sustainable and efficient energy solutions.

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Share price movement of Tata Power:

On February 13, 2025, Tata Power Company Ltd opened at ₹350.15, up 0.23% from its previous close of ₹348.25. The stock reached a high of ₹357.45 (2.64%) and a low of ₹348.60. By 1:50 PM, it traded at ₹349.05, with a market cap of ₹1,11,533.33 crore.

Tata Power and ONGC Partner for Battery Storage Solutions:

Tata Power Renewable Energy Limited (TPREL) and Oil and Natural Gas Corporation Limited (ONGC) have signed a Memorandum of Understanding (MoU) to collaborate on Battery Energy Storage Systems (BESS). The agreement was formalized at India Energy Week 2025, with Union Minister Hardeep Singh Puri in attendance.

This partnership aims to explore commercial opportunities in BESS across multiple segments, including grid stabilization, renewable energy integration, microgrids, EV charging infrastructure, and hybrid energy solutions. Both companies seek to enhance India’s energy resilience and sustainability through advanced storage solutions.

By leveraging their expertise, TPREL and ONGC intend to drive innovation in energy storage and trading. Their collaboration is expected to support India’s renewable energy goals, ensuring efficient power distribution, improved grid reliability, and accelerated adoption of clean energy solutions nationwide.

Recent news on Tata Power:

As of February 04, 2025, Tata Power Company Ltd reported an 8% YoY rise in Q3FY25 net profit at ₹1,031 crore, with revenue increasing 5% to ₹15,391 crore. Sequentially, PAT grew 11% from ₹927 crore in Q2FY25.

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

Tata Power Company Ltd witnessed a decline in stock performance, with a 4.72% drop over the past week, a 15.8% fall in six months, and a 6.85% decrease over the past year, reflecting market challenges.

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Shareholding pattern of Tata Power:

	Dec 2024	Sep 2024	Jun 2024
Promoter	46.90%	46.90%	46.90%
FII	9.50%	9%	9.50%
DII	16.10%	17.00%	15.80%
Public	27.70%	27%	27.80%

About Tata Power:

Tata Power Company Ltd (TATAPOWER) is a leading integrated power company with a 15.6 GW portfolio, including 6.7 GW of renewables. It operates across generation, transmission, and distribution, serving over 12.5 million customers, aiming for carbon neutrality before 2045.

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.