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Tata Power gains as its JV inks MoU with ISGF for V2G Technology Demonstration Project

22 May 2024 Evaluate

Tata Power Company is currently trading at Rs. 448.80, up by 7.10 points or 1.61% from its previous closing of Rs. 441.70 on the BSE.

The scrip opened at Rs. 442.00 and has touched a high and low of Rs. 449.75 and Rs. 436.45 respectively. So far 823795 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 464.30 on 03-May-2024 and a 52 week low of Rs. 205.50 on 23-May-2023.

Last one week high and low of the scrip stood at Rs. 449.75 and Rs. 426.75 respectively. The current market cap of the company is Rs. 142448.24 crore.

The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 25.23% and 27.90% respectively.

Tata Power Delhi Distribution (TPDDL), a joint venture (JV) between Tata Power and the Government of NCT of Delhi, has signed a Memorandum of Understanding (MoU) with the India Smart Grid Forum (ISGF) to collaborate on a ground-breaking Vehicle-to-Grid (V2G) Technology Demonstration Project.

The Vehicle-to-Grid Technology Demonstration pilot project aims to showcase the basics of how electric vehicles (EVs) can interact with the grid. This innovative project looks at reducing the carbon emission within the transportation and energy sectors.

The initiative aims to deep dive in the fundamentals of bi-directional energy supply between electric vehicles and the grid. It will further explore the potential of EVs to provide essential grid services like frequency and voltage support, test their viability as backup power sources during outages, and examine the impact of bi-directional charging.

Additionally, the project will investigate how EVs can participate in the power market by storing electricity when prices are low and selling it back during peak hours. It will also test the feasibility of charging EVs with green electricity. This initiative represents a significant step towards innovative and sustainable energy solutions in Tata Power-DDL's service area.

Tata Power Company is India’s largest integrated power company.

Tata Power Share Price

427.45 0.20 (0.05%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 393.65
Tata Power 427.45
Adani Power 198.40
Power Grid Corp 318.05
Torrent Power 1565.30
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