In Short : Torrent Power has entered into four Memoranda of Understanding (MoUs) with the Government of Gujarat, outlining plans to invest Rs 47,350 crores. This significant commitment underscores the company’s intent to contribute to the state’s infrastructure and development, likely encompassing various sectors such as power generation, distribution, or related projects. In Detail : […]
Torrent Power commissions 115 MW wind energy project in Gujarat – EQ Mag
Torrent Power on Wednesday said one of its subsidiaries has commissioned a 115 MW wind project in Devbhumi Dwarka district of Gujarat. Torrent Solargen was awarded the project through a competitive bidding under SECI (Solar Energy Corporation of India) Wind Tranche V, a company statement said. The company signed a power purchase agreement for a […]
Torrent Power implements pilot project for blending green hydrogen with natural gas – EQ Mag
The pilot project, based on Alkaline Electrolyzer and expected to complete in ~8 months, will blend ~2.5% GH2 into CGD network, marking an important milestone in the company’s foray into GH2 business in India. Torrent Power, India’s leading integrated power utility company, has taken a significant step towards a greener future by starting work on […]
Torrent Power raises Rs 600 cr via non-convertible debentures – EQ Mag
Torrent Power has raised Rs 600 crore through issuance of non-convertible debentures on private placement basis.The company has issued and allotted Series 11 60000 Secured, Rated, Listed, Taxable, Non-Cumulative, Redeemable and Non-Convertible Debentures NCDs of Rs 600 crore at a coupon rate of 8.50 per cent per annum…on private placement basis, a BSE filing said.The […]
Torrent Power to invest Rs 27,000 cr to build Pumped Storage Hydro projects in Maharashtra – EQ Mag
The projects would entail an investment of about Rs 27,000 crore and would provide employment to nearly 13,500 people during the construction period Torrent Power Limited has signed a memorandum of understanding (MoU) with the Maharashtra government for the development of three pumped storage hydro projects of 5,700 MW capacity. In a regulatory filing, the […]
Torrent Power drops after dismal Q4 show – EQ Mag
The Q4 result was announced after market hours on Wednesday, 29 May 2013. Meanwhile, the S&P BSE Sensex was down 14.98 points or 0.07% at 20,132.66. On BSE, 25,000 shares were traded in the counter as against average daily volume of 64,136 shares in the past one quarter. The stock hit a high of Rs […]
Torrent Power incorporates wholly-owned subsidiary TU14 to carry biz in power sector – EQ Mag
Torrent Power has incorporated its wholly-owned subsidiary Torrent Urja 14 Pvt. Ltd. (TU14) to carry out businesses, including power generation, transmission, distribution and trading. “TU14 is incorporated with object to carry on the business of generation, transmission, distribution, purchase, procurement, sale, trading, import, export or otherwise deal in all forms of electrical power and energy […]
Torrent Power forms subsidiary for power generation, transmission biz – EQ Mag
The subsidiary, Torrent Urja Pvt 10 (TU10), was registered in Ahmedabad on April 21, 2023, and is yet to commence its business operations, Torrent Power said in a regulatory filing Torrent Power Ltd has incorporated a wholly-owned subsidiary for generating and transmission of power. “TU10 is incorporated with an objective to carry on the business […]
Torrent Power in talks with ReNew to buy 1.1GW clean energy capacity – EQ Mag
Torrent Power Ltd is in talks to buy clean power projects totalling 1.1 gigawatts (GW) from ReNew Energy Global Plc at an enterprise value of around $1.2 billion, two people aware of the development said. Ahmedabad-based Torrent Power has submitted a non-binding offer (NBO) for ReNew’s solar and wind power assets of 350 megawatts (MW) […]
Torrent Power reports Q2FY 2022-23 results – EQ Mag Pro
Revenue from Operations ₹ 6,703 crs in Q2 FY 2022-23 compared to ₹ 3,648 crs in Q2 FY 2021-22, up by 84% ₹ 13,213 crs in H1 FY 2022-23 compared to ₹ 6,747 crs in H1 FY 2021-22, up by 96% EBITDA ₹ 1,258 crs in Q2 FY 2022-23 compared to ₹ 974 crs in […]
