Latest news with #TataPower
Business Upturn
a day ago
- Business
- Business Upturn
Tata Power Renewable Energy secures 120 MWh battery energy storage deal with NHPC in Kerala
By Aditya Bhagchandani Published on July 18, 2025, 10:09 IST Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has signed its first Battery Energy Storage Purchase Agreement (BESPA) with NHPC Limited to set up a 30 MW / 120 MWh battery storage system at a 220 kV substation in Kerala. The project was secured through competitive bidding under NHPC's BESS Tranche-I tender and will serve the Kerala State Electricity Board Limited. The battery energy storage system will help address peak power demand, improve grid flexibility, and enable better integration of renewable energy in Kerala. This initiative is part of NHPC's broader plan to develop 125 MW / 500 MWh of standalone battery storage capacity in the state under a Tariff-Based Competitive Bidding framework supported by Viability Gap Funding. The project, aligned with India's target of achieving 500 GW of non-fossil fuel capacity by 2030, will operate under a 12-year BESPA and is expected to be commissioned within 15 months. This marks TPREL's debut in the standalone battery storage segment, further strengthening its renewable energy portfolio, which now stands at approximately 10.9 GW, including 5.6 GW operational capacity and 5.3 GW under development. The company already operates a 100 MW solar plant integrated with a 120 MWh battery storage system in Chhattisgarh. Tata Power, with a total portfolio of 15.7 GW spanning generation, transmission, distribution, and storage, continues to spearhead India's clean energy transition with a commitment to achieve carbon neutrality before 2045. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
2 days ago
- Business
- Time of India
Top stocks to buy or sell today: Stock recommendations for July 17, 2025
Top stocks to buy or sell today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Hero Motocorp, Tata Power are the top buy calls for today. Solar Industries India is a sell call. Here's his view on Nifty, Bank Nifty and the top stock picks for July 17, 2025: Index View: Nifty Nifty traded broadly within its previous day's range, recovering its early morning losses to end with minor gains ahead of its weekly expiry due today. With downside targets seeming to be complete and fresh upside opens up only above 25325 closing, any 50-70 point dip is likely to get bought into for targets of 25320 odd for this week's trade. Bank Nifty Bank Nifty continuing its outperformance ended at a 5 day closing highs as its supports of 56750 got protected not once, but twice at the start of this week. With continuing outperformance against Nifty, Bank Nifty is now back on track to scale to fresh all time highs, unless a close below 56750 negates this formation on daily charts. HEROMOTOCO (BUY): LCP: 4424 Stop Loss: 4260 Target: 5000 Ending at a 6 month closing highs earlier this week, Hero Motocorp has given a breakout from its bullish cup and handle pattern along with a crossover from its 200 DMA. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Đây có thể là thời điểm tốt nhất để giao dịch vàng trong 5 năm qua IC Markets Tìm hiểu thêm Undo This breakout also marks an end to the 8 week long consolidation seen on daily charts as the stock has shown signs of moving further northward given the price action positioned in a similar stance for a target of 5000 for now. TATAPOWER (BUY): LCP: 415 Stop Loss: 400 Target: 450 After holding above its 200 DMA all through the past week, the Tata Power stock has moved forward to breakout from its 6 month long cup and handle formation on daily and weekly charts ahead of its quarterly numbers. This is accompanied by a higher low formation on daily charts repeated over 5 times in the past 3-4 months signalling presences of buyers at lower levels. SOLARIND (SELL): LCP: 15190 Stop Loss: 16000 Target: 13700 After a strong rally of 110% from its Feb 2025 lows to June 2025 highs, Solar Industries India has started showing profit taking as focus shifts from defence as a sector. Charts suggest that over 40-50% of this recent rally is likely to be retraced, however we are looking for targets of 13700-800 zone which also coincides with its previous breakout and consolidation zone. Stock has already corrected ~15% off recent highs in less than 3 weeks. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
2 days ago
- Business
- Business Standard
Stocks to buy today, July 17: Tata Power, ITC among analyst top picks
Market View Markets traded in a narrow range and ended almost unchanged due to the absence of any fresh triggers. After an initial downtick, the Nifty index slipped further but later recovered, supported by select heavyweight stocks across sectors, which helped pare all the losses. As a result, the Nifty once again tested the resistance around the 25,250 level and eventually settled at 25,212. Meanwhile, sectoral performance remained mixed, keeping volatility elevated. IT, realty, and auto emerged as the top gainers, while metal and pharma ended in the red. The broader indices also paused after a two-day rally and closed flat. Mixed global cues and a lackluster start to the earnings season are keeping participants uncertain about the next directional move. We believe a decisive close above the 20-day EMA, around 25,250, could open the door for further recovery. Otherwise, profit-taking may resume, with key support in the 24,900–25,000 zone. Traders should maintain a cautious stance and focus on stock selection based on relative strength and earnings outcomes. Stocks Recommendations Tata Power Company | LTP: ₹414.70 | Buy | Target: ₹442 | Stop-loss: ₹400 Selective stocks from the power sector are witnessing noticeable buying interest after a phase of consolidation, and Tata Power stands out as a top performer. The stock has been rising steadily since ending its corrective phase in April and recently broke out from a buying pivot while maintaining support above the short-term moving average (20 DEMA), indicating momentum aligned with the ongoing trend. Traders can consider initiating long positions at the mentioned levels. LIC Housing Finance | LTP: ₹637.05 | Buy | Target: ₹680 | Stop-loss: ₹615 LIC Housing Finance has broken out of a three-month base formation, holding firmly above the moving average ribbon comprising the 20, 100, and 200 DEMA. The breakout, accompanied by a surge in volumes, further reinforces the positive bias. Additionally, the recent outperformance of the BFSI sector supports the potential for a sustained uptrend following a period of relative underperformance. Following a prolonged phase of underperformance, the FMCG sector is now regaining traction. Among the key names, ITC is showing a gradual recovery after retesting the support zone of its long-term moving average (200 DEMA). Its recent relative outperformance also makes it a strong candidate to play the sector's rebound. Traders may look for fresh buying opportunities at the suggested levels.
Time of India
4 days ago
- Business
- Time of India
Tata Power eyes 125 MW rooftop plants in Raj this yr
Jaipur: Tata Power Renewable Energy Ltd on Monday rolled out Ghar Ghar Solar campaign in Jaipur to accelerate the adoption of residential rooftop solar. Residents can install Rooftop Solar systems with minimal upfront investment starting from Rs 7,499 for 2 kW (with EMIs starting from Rs 2499) and Rs 9,999 for 3 kW with entry EMIs of Rs 3,209. Praveer Sinha, CEO & MD of Tata Power said the initiative will turn solar adoption from an aspiration into an economically viable option. The company has achieved a cumulative installation of 180 MW capacity through 7,600 rooftop solar systems across residential and commercial segments in Rajasthan. "In FY26, the company aims to install 125 MW of plants in Rajasthan, comprising both segments," added Sinha. tnn
New Indian Express
10-07-2025
- Business
- New Indian Express
OERC slaps case on Tata Power over lapses in services
BHUBANESWAR : The Odisha Electricity Regulatory Commission (OERC) has initiated a suo motu case against Tata Power-managed power distribution companies (discoms) over alleged deficiencies in consumer services in the state. The hearing on the matter has been scheduled for July 15. Citing a series of lapses by the four Tata Power-operated discoms, TPCODL, TPWODL, TPSODL and TPNODL, director (regulatory affairs of OERC) Priyabrat Patnaik has accused them of failing to uphold their licence obligations under the Electricity Act, 2003 and various OERC regulations, including the OERC (Condition of Supply) Code, 2019 and OERC (Standard of Performance) Regulation, 2004. According to Section 43 of the Electricity Act, 2003, a licensee is bound to provide electricity to an applicant within one month of receiving a valid application. The OERC Supply Code also mandates that the licensee must upgrade and extend its distribution infrastructure to meet growing electricity demands. The cost of upgrades are to be recovered from consumers via tariff proposals by submitting the annual revenue requirements (ARR) before the Commission. The petition by Patnaik stated OERC has received several complaints from consumers that the discoms are violating these provisions and licensees are prioritising financial considerations over infrastructure obligations by assessing the remunerativeness of new connections without accounting for projected load growth in underserved areas. New applicants, especially those seeking single-phase connections, are reportedly being forced to bear the cost of transformer installations or upgradation, which, the petition said, is against regulatory mandates. 'Temporary power supply and new connections are now at the mercy of the section officials of the discoms,' it said. Instances of mismanagement have also been flagged, including unreliable power supply, unmaintained infrastructure and poor consumer grievance redressal mechanisms. 'The lines and substations are not maintained properly and in many places creepers and tree branches are touching the HT lines leading to low and fluctuating voltage,' the petition stated. Earlier, deputy chief minister and Energy minister KV Singh Deo had asked principal secretary Vishal Kumar Dev to examine the allegations made by former OERC member BC Jena on declining service quality under the Tata Power regime, and take appropriate action. Dev had also shot off a letter to the Tata Power CEO and MD on several issues regarding functioning of the discoms in the state.
