Tata Power share price today slipped 3.89% and hit lower circuit as well on the Bombay Stock Exchange (BSE) to Rs 354.60 per share as Sensex witnessed sharp fall of 2226.7 to 73,137.9. The Tata Group company informed today that it obtained nod from the Maharashtra Electricity Regulatory Commission (MERC) to install a 100 MW Battery Energy Storage System (BESS) in Mumbai over the next two years, as per the exchange filing. Tata Power share declined 5.50% in last 1-week as Sensex fell 5.52%, BSE Power index dived 3.90%, and BSE Utilities index tanked 2.84%. Meanwhile, the company has a market capitalisation of Rs 1,13,354.67 crore.
The stock offers a return on equity (ROE) of 21.04%. It recommended 22 dividends since 2003 and offered Rs 2 per share dividend in last 1-year. FII/FPI holding zoomed to 9.45% from 9.15% for December 2024 quarter. Life Insurance Corporation Of India (LIC) has 3.13% stake in Tata Power with 99,979,177 shares of the company. Check more details below:
Tata Power Company To Install 100 MW BSES
The exchange filing added, “The cutting-edge BESS, equipped with advanced ‘black start’ functionality, will enable a swift recovery of power supply to critical infrastructure, including the metro, hospitals, Airport, and Data Centers, in case of grid disturbances. This will prevent large-scale blackouts and enhance Mumbai’s power network resilience. Additionally, the system’s sophisticated technology will optimize reactive power management, improving peak demand efficiency and strengthening the city’s power infrastructure.”
Beyond enhancing grid reliability, the BESS will offer ancillary services, including frequency regulation and voltage support, further strengthening grid stability. It will also enable better utilization of solar energy by storing surplus daytime power and making it available during peak demand, ensuring optimal renewable energy integration with an increase in Green Energy consumption, added the regulatory filing. As renewable energy adoption accelerates, BESS plays a pivotal role in enabling a smoother transition. Compared to conventional alternatives, BESS offers a more cost-effective, faster-to-deploy solution with a shorter gestation period, making it a key enabler of clean energy adoption.
Tata Power Company Shares Performance
The 52-week high price of Tata Power Company shares on BSE is Rs 494.85 per share (as on 27/09/2024) and 52-week low price is Rs 326.25 per share (as on 17/02/2025), respectively. Tata Power Company shares slipped 7.44% in last 2-weeks, gained 0.98% in last 1-month, and plummeted by 14.41% in last 1-year. In last 2-years, Tata Power shares rallied 81.78% and zoomed 954.23% in last 5-years.
Tata Power Company Financials Compared With Peers
The company announced its profit after tax or (PAT) for December 2024 quarter at Rs 977.92 crore. Meanwhile, ADANIPOWER declared PAT of Rs 2,539.57 crore, TORENTPOWER reported PAT of 368.7 crore, and CESC announced its PAT of Rs 172.00 crore.
About
Tata Power Company Limited, a leading integrated power company and a part of the Tata Group, India’s largest multinational business conglomerate, owns a diversified portfolio of 15.6 GW. This portfolio spans the entire power value chain, from renewable and conventional energy generation to transmission, distribution, trading, storage solutions, and solar cell and module manufacturing.
Disclaimer: The story highlights installation of BSES and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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