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Tata Power Share Price Soars 5% After AWS Partnership for Digital Transformation

Written by: Kusum KumariUpdated on: Feb 20, 2025, 1:53 PM IST
Tata Power shares rose 5% after partnering with AWS to enhance energy management using AI, cloud, and IoT, improving efficiency and grid stability.
Tata Power Share Price Soars 5% After AWS Partnership for Digital Transformation
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Tata Power share price surged 5% from the day’s low on February 20 after the company announced a strategic partnership with AWS (Amazon Web Services). This collaboration aims to modernise Tata Power’s digital infrastructure and support India’s transition to cleaner and smarter energy solutions.

Partnership with AWS for Digital Transformation

Tata Power has teamed up with AWS to improve energy management using advanced digital technologies. The company plans to use cloud computing, artificial intelligence (AI), and the Internet of Things (IoT) to enhance grid stability, automate processes, and improve efficiency in power supply and demand management.

Migrating to the Cloud for Better Efficiency

Tata Power has moved 23 key applications to AWS to strengthen its digital capabilities, using Amazon Elastic Kubernetes Service (EKS). This transition helps the company improve scalability, security, and real-time operations across power generation, renewable energy, grid management, sales, and finance.

Optimising Energy Transactions with AI and IoT

Tata Power has adopted AWS Step Functions, a serverless architecture that enhances grid operations and energy transactions based on changing demand. This ensures smoother and more efficient power distribution.

Real-Time Data for Smarter Power Management

Tata Power has built 2 specialised data lakes for power generation and renewable energy. These collect real-time data from solar and wind farms, smart meters, and IoT devices. Using AWS Glue, this data is processed and stored in Amazon S3, enabling AI-powered analytics for predictive maintenance, grid optimisation, and demand forecasting.

This partnership marks a major step in Tata Power’s journey toward a smarter and more efficient energy ecosystem.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 20, 2025, 1:53 PM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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