Asian Paints

2285.2 -2.60

Cipla

1326.7 0.30

Eicher Motors

7633.5 -121.50

Nestle India

1261.3 10.40

Grasim Inds

2739.7 15.60

Hindalco Inds.

964.6 9.65

Hind. Unilever

2225.7 -29.30

ITC

310.55 -0.95

Trent

3751 -39.90

Larsen & Toubro

3965.4 -73.30

M & M

3357.2 9.20

Reliance Industries

1411.5 22.10

Tata Consumer

1125.5 6.40

Tata Motors PVeh

352.7 -2.45

Tata Steel

200.94 0.37

Wipro

196.29 0.61

Apollo Hospitals

7711 -64.00

Dr Reddy's Labs

1311.4 -2.10

Titan Company

4265 -10.20

SBI

1152.9 -16.60

Shriram Finance

1025.8 -13.70

Bharat Electron

470.3 10.30

Kotak Mah. Bank

401.4 -5.90

Infosys

1308.8 3.00

Bajaj Finance

954.6 -7.80

Adani Enterp.

2060 -29.20

Sun Pharma.Inds.

1801.7 17.20

JSW Steel

1240 -8.10

HDFC Bank

859.25 -18.50

TCS

2564 -14.80

ICICI Bank

1316.9 -40.70

Power Grid Corpn

300.3 0.85

Maruti Suzuki

14327 -88.00

Axis Bank

1325.8 -23.30

HCL Technologies

1365.3 11.20

O N G C

279.75 3.40

NTPC

384 5.95

Coal India

442 -7.40

Bharti Airtel

1884 -23.00

Tech Mahindra

1332.4 -0.90

Jio Financial

240.45 -2.65

Adani Ports

1490.5 -8.80

HDFC Life Insur.

670.2 -14.10

SBI Life Insuran

1957.3 12.30

Max Healthcare

1040.2 -18.00

UltraTech Cem.

12094 -194.00

Bajaj Auto

9812 7.50

Bajaj Finserv

1873.6 -38.20

Interglobe Aviat

4437.1 -75.70

Eternal

234.86 -5.28

Corporate News - Detailed News Back
Rajesh Power Projects secures 65 MW/ 130 MWh BESS project from Gujarat Urja Vikas Nigam
06-Mar-26   11:35 Hrs IST

Rajesh Power Projects, a wholly-owned subsidiary of Rajesh Power Services (RPSL), has signed a Battery Energy Storage Purchase Agreement (BESPA) with state-run Gujarat Urja Vikas Nigam (GUVNL) for the development of a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project at Virpore in Gujarat.

The agreement establishes the long-term framework for the development and operation of the battery storage facility and marks Rajesh Power's formal entry into the utility-scale battery energy storage segment.

Under the BESPA, the project will operate under a 12-year agreement from the date of commissioning at a contracted tariff of Rs 1.89 lakh per MW per month. The project involves a 65 MW battery system with a storage capacity of 130 MWh, capable of supplying power for up to two hours. It is expected to be commissioned within 18 months from the date of signing of the agreement.

The project was awarded to the company earlier this year under tariff-based competitive bidding as part of GUVNL's 'Request for Selection for setting up of Standalone BESS - Phase VII', supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF).

Standalone battery storage systems are increasingly being adopted by utilities to support renewable energy integration and enhance grid flexibility. By storing electricity during periods of surplus generation and supplying it during peak demand, such systems help manage intermittency, strengthen grid stability and optimize power procurement. Gujarat has emerged as one of the leading states in deploying grid-scale battery storage, with GUVNL initiating multiple phases of BESS procurement to complement the state's expanding renewable energy capacity.

Powered by Capital Market - Live News


DJIA 47963.68
-796.74 -1.63%
S&P 500 6850.98
-39.52 -0.57%
HANG SENG 25321.35
71.86 0.28%
NIKKEI 225 55600.46
322.40 0.58%
FTSE 100 10430.91
-136.74 -1.29%
NIFTY 24567.05
-198.85 -0.80%
×
Ask Your Question
close
refresh