Tata Power, ONGC join forces for battery energy storage push
Tata Power Renewable Energy Ltd. (TPREL) signed an MoU with ONGC to explore battery energy storage opportunities. The agreement, signed at India Energy Week 2025, aims to boost India’s clean energy transition.
Tata Power shares closed at ₹348.10 on February 12, and investors are closely watching the stock after this strategic partnership. On the last trading day, it opened at ₹348.20 and closed slightly higher at ₹349.05. Over the past year, it hit a high of ₹494.85 and a low of ₹338.50.
The MoU covers multiple areas, including backup power, EV charging infrastructure, grid stabilization, industrial and commercial storage, and renewable energy integration. Both companies will leverage their expertise to strengthen energy storage capabilities and enhance grid reliability.
Petroleum Minister Hardeep Singh Puri, ONGC Chairman Arun Kumar Singh, and TPREL CEO Deepesh Nanda attended the signing. Nanda called the partnership a “milestone” in India’s energy transition, while Singh highlighted its role in improving energy security.
TPREL recently launched India’s largest Solar and BESS project, a 100 MW solar plant with a 120 MWh battery storage system in Chhattisgarh. This collaboration with ONGC reinforces both companies’ commitment to sustainable energy solutions.
