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 […]
Scrutinizer’s Report on The Postal Ballot: Torrent Power – EQ Mag Pro
Scrutinizer’s Report on The Postal Ballot: Torrent Power. For more information please see below link:
Torrent Power reports Q1 FY 2022-23 results – EQ Mag Pro
Major Highlights Revenue from Operations ₹ 6,510 crs in Q1 FY 2022-23 compared to ₹ 3,099 crs in Q1 FY 2021-22, up by 110% EBITDA ₹ 1,169 crs in Q1 FY 2022-23 compared to ₹ 764 crs in Q1 FY 2021-22, up by 53% Total Comprehensive Income ₹ 503 crs in Q1 FY 2022-23 compared […]
Varun Mehta elevated as Director on Board of Torrent Power – EQ Mag Pro
Varun Mehta is appointed as Director on Board of Torrent Power from 8th August 2022. Varun is a BSc (with honours) in Management from University of Warwick, UK and an MBA from INSEAD, France. During his tenure with Torrent Power, he has worked across different business segments of the company – namely Renewables, Thermal Generation […]
Acquisition of equity shares of Wind Two Renergy Private Limited from lnox Green Energy Services Limited (formerly known as lnox Wind Infrastructure Services Limited – EQ Mag Pro
Acquisition of equity shares of Wind Two Renergy Private Limited from lnox Green Energy Services Limited (formerly known as lnox Wind Infrastructure Services Limited. For more information please see below link:
Torrent Power buys Wind Two Renergy for Rs 33 cr – EQ Mag Pro
It has implemented a 50MW wind power project in Kutch district of Gujarat. The electricity generated from the project is supplied under a 25-year Power Purchase Agreement PPA with PTC India Limited. Torrent Power on Saturday said it has acquired 100 per cent stake in Wind Two Renergy Private Ltd (WTRPL) for Rs 32.51 crore […]
Torrent Power gets Rs 2600-cr wind energy project from SECI – EQ Mag Pro
Torrent Power has bagged a 300 MW wind energy project worth Rs 2,600 crore in Karnataka from Solar Energy Corporation of India (SECI), according to a regulatory filing The company in a BSE filing said, “SECI has granted a Letter of Award to the company for 300 MW wind project and confirming long-term power purchase […]
Torrent Power Acquires 50 MW Solar Power Plant In Telangana – EQ Mag Pro
Gujarat-based Torrent Power Ltd. has acquired a 50 megawatt solar power plant from SkyPower Group at an enterprise value of Rs 416 crore. The solar power plant, a special purpose vehicle located in Telangana, has a long-term power purchase agreement with Northern Power Distribution Co. of Telangana Ltd. for 25 years at a fixed tariff […]