Mumbai, July 18 -- The said agreements cover two standalone Battery Energy Storage System (BESS) projects.

Shares of NHPC shed 0.17% to Rs 87.69 on the BSE.

The projects were awarded through an e-reverse auction held on 24th June 2025, with tariffs discovered at Rs 2,10,000 per MW/month for the 50 MW / 100 MWh project and Rs 2,22,000 per MW/month for the 225 MW / 450 MWh project.

Both projects are being developed under the Viability Gap Funding (VGF) scheme of the Government of India, which offers financial support of Rs 27 lakh per MWh or 30% of the total project cost, whichever is lower. The scheme aims to promote investment in energy storage infrastructure and improve the reliability and flexibility of renewable energy supply.

This...