In Short : Torrent Power’s stock surged 7%, approaching a record high after the company signed a Memorandum of Understanding (MoU) with the Gujarat government. The deal involves developing renewable energy projects in the state, further strengthening Torrent Power’s position in the green energy sector. The company’s ongoing efforts in expanding its clean energy portfolio […]
Torrent Power commits to Rs 64,000 crore investment in renewables by 2030 – EQ
In Short : Torrent Power has committed to investing ₹64,000 crore in renewable energy by 2030. The company aims to significantly expand its clean energy portfolio, aligning with India’s broader push for sustainability and the transition to greener power sources. This investment is part of Torrent Power’s strategy to contribute towards the country’s renewable energy […]
Torrent Power Q1 result: Net profit up 88% at Rs Rs 972 cr on robust demand – EQ
In Short : Torrent Power’s Q1 results show an 88% increase in net profit, reaching Rs 972 crore, driven by robust demand. This significant growth highlights the company’s strong market performance and effective strategies in meeting energy needs. In Detail : Heatwaves and increasing economic activity have resulted in India’s electricity generation growing at an […]
Torrent Power Secures 150 MW Renewable Energy Supply – EQ
In Short : Torrent Power has successfully secured a 150 megawatt (MW) renewable energy supply, indicating its commitment to expanding its renewable energy portfolio and contributing to India’s sustainable energy goals. In Detail : Torrent Power, a leading power utility company, has been awarded a Letter of Award (LoA) to supply 150 megawatts (MW) of […]
Torrent Power Initiates 450 MW Hybrid Projects – EQ
In Short : Torrent Power has commenced the development of 450 MW hybrid projects, showcasing its commitment to integrating renewable energy sources into its power generation portfolio. In Detail : Torrent Power, a leading integrated power utility company, has announced the commencement of 450 MW hybrid renewable energy projects. This strategic move is poised to […]
Torrent Power gets letter of award to supply 150 MW renewable energy -EQ
In Short : Torrent Power receives a letter of award to provide 150 MW of renewable energy, marking a significant step towards bolstering sustainable energy infrastructure and expanding its contribution to the renewable energy sector. In Detail : New Delhi : Torrent Power on Thursday said it has received a letter of award from its ‘Distribution […]
Torrent Power Shares Climbed 12% Post Receiving Award of 306 MW Solar Project – EQ
In Short : Torrent Power shares surged by 12% after the company received the award for a 306 MW solar project. This positive market response reflects investor confidence in the company’s expansion in the renewable energy sector. The awarded solar project contributes to Torrent Power’s commitment to clean energy and aligns with the overall industry […]
Torrent Power secures Rs 1,540 crore contract for 306 MW solar project in Maharashtra – EQ
In Short : Torrent Power has secured a contract worth Rs 1,540 crore for a 306 MW solar project in Maharashtra. This project aligns with India’s commitment to expanding its renewable energy capacity and reducing carbon emissions. The development of large-scale solar projects contributes to the country’s clean energy goals and promotes sustainable practices in […]
Torrent Power Receives Rs 2,700-Crore Order From Railway Energy Management – EQ
In Short : Torrent Power has received a Rs 2,700-crore order from Railway Energy Management Company Limited (REMCL). This order indicates the company’s involvement in providing energy solutions for the railways, contributing to the efficient and sustainable management of energy resources in the transportation sector. In Detail : The project will be commissioned within 24 […]
Torrent Power forays into transmission with Solapur power project, stock rises 3% – EQ
In Short : Torrent Power has entered the transmission sector with the Solapur power project, leading to a 3% increase in the company’s stock. This expansion into transmission reflects Torrent Power’s diversification strategy and positions it to play a role in strengthening the power infrastructure in the region. In Detail : The annual transmission charges […]