On a consolidated basis, Torrent Power reported a net loss of Rs 488.04 crore on the back of an exceptional item of Rs 1300 crore in Q4 FY22. The integrated power utility arm of Torrent Group recorded an exceptional loss of Rs 1,300 crore in Q4 FY22. The company said based on the assessment, recoverable […]
Revenue from Operations ₹ 3,744 crs in Q4 FY 2021-22 compared to ₹ 3,084 crs in Q4 FY 2020-21, up by 21% ₹ 14,258 crs in FY 2021-22 compared to ₹ 12,173 crs in FY 2020-21, up by 17% EBITDA ₹ 1,088 crs in Q4 FY 2021-22 compared to ₹ 947 crs in Q4 FY […]
Torrent Power today announced formal takeover of the power distribution operations in the Union Territory of Dadra & Nagar Haveli, Daman and Diu. Dadra & Nagar Haveli, Daman and Diu is the first Union Territory to be privatized under the Government of India’s ambitious program to privatize the distribution network in Union Territories through a […]
Torrent Power Limited has entered into a Share Purchase Agreement (SPA) and Shareholders Agreement (SHA) with Hon’ble Administrator of the Union Territory of Dadra and Nagar Haveli and Daman and Diu (Holding Entity) and Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation Limited (the SPV) for purchase of 51% Equity Share Capital […]
The power utility completed acquisition of 100% equity share capital of Surya Vidyut (SPV), wholly owned subsidiary of CESC. Surya Vidyut operates 156 MW wind power plants (the projects), spread across the states of Gujarat, Rajasthan and Madhya Pradesh. Long-term power purchase agreements (PPAs) for the projects are with respective State Discoms for a period […]