Investors should watch stocks tied to recent battery energy storage system orders, as they signal growing demand for clean energy solutions. Such developments indicate technological leadership, policy alignment, and long-term growth potential. For the industry, it marks a shift toward grid stability, energy transition, and infrastructure modernisation at scale. Let’s explore these companies in detail.
List of Stocks that Have Received BESS Orders:
1. JSW Energy
A leading Indian power company under the JSW Group, with a diverse portfolio including thermal, hydro, wind, and solar, focusing on sustainable energy solutions across India and globally. It is committed to efficient resource use and minimizing environmental impact through innovative practices.
Limited’s stock, with a market capitalisation of Rs. 92,692 crores, rose to Rs. 530.70, hitting a high of up to 1.3 percent from its previous closing price of Rs. 523.70. However, the stock over the past year has given a negative return of 26.3 percent.
JSW Renew Energy Thirty Seven, a subsidiary, has signed Battery Energy Storage Purchase Agreements with Rajasthan Rajya Vidyut Utpadan Nigam for a 250 MW / 500 MWh standalone Battery Energy Storage System in Rajasthan, to be developed on a build, own, and operate model, with a 12-year agreement at a tariff of Rs 2,24,000 per MW per month.
2. ACME Solar Holdings
A prominent player in India’s renewable energy sector, ACME Solar specializes in solar, wind, hybrid, and green hydrogen projects, driving sustainable energy solutions. Its commitment to innovation positions it as a key contributor to India’s clean energy goals.
ACME Solar Holdings Limited’s stock, with a market capitalisation of Rs. 17,805 crores, fell to Rs. 289.24, hitting a low of 2.1 percent from its previous closing price of Rs. 295.39. Furthermore, the stock over the past year has given a return of 16.3 percent.
ACME Solar has bagged its first standalone Battery Energy Storage System (BESS) project from NHPC in Andhra Pradesh, with a capacity of 275 MW/550 MWh across Kuppam and Ghani.
Awarded at monthly tariffs of Rs 2.1–2.22 lakh/MW, the project requires two daily two-hour cycles and is eligible for viability gap funding of up to Rs 27 lakh/MWh or 30% of project cost.
3. Diamond Power Infrastructure
An emerging company in India’s power infrastructure sector, it focuses on manufacturing power cables, conductors, and transmission equipment. It plays a vital role in supporting India’s energy transmission and distribution network.
Diamond Power Infrastructure Limited’s stock, with a market capitalisation of Rs. 8,831 crores, rose to Rs. 169, hitting a high of 2.5 percent from its previous closing price of Rs. 164.89. Furthermore, the stock over the past year has given a return of 32.2 percent.
Company has received Letters of Intent from Adani Green, Brilltech Engineers, Tulsi Electricals, and Capital Electech for cable supply contracts. These include Battery Energy Storage Systems, smart metering, and highway projects. The domestic orders, awarded on a “km rate basis with PV formulae,” total Rs. 116.72 crore and must be executed by March 31, 2026.
4. NLC India
A Navratna PSU, NLC India is a major lignite-based power generation company with a focus on thermal and renewable energy. It operates across mining, power generation, and Wrenewable energy, contributing significantly to India’s energy security.
NLC India Limited’s stock, with a market capitalisation of Rs. 31,698 crores, rose to Rs. 230.80, hitting a high of up to 1.62 percent from its previous closing price of Rs. 227.11. However, the stock over the past year has given a negative return of 23 percent.
NLC India Renewables Ltd., a subsidiary of NLC India, has won its first major Battery Energy Storage System (BESS) project from Tamil Nadu Green Energy Corporation. The 250 MW/500 MWh project will be set up at Ottapidaram, Anuppankulam, and Kayathar under the Build-Own-Operate model with state support.
Written By Fazal Ul Vahab C H
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