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 […]
Torrent Power signs 4 MoUs with the Government of Gujarat to invest Rs 47350 crores – EQ
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 […]
