Torrent Power (TPW) has provided a detailed update of the impact of the ongoing lockdown due to COVID-19 on its various businesses. P/L impact remains limited to incentives on regulated business (as core RoE remains intact), while the extent of impact on distribution franchises (DF) will depend on the duration of the lockdown and certainty […]
Torrent Power slashes capex plan on low renewable power tariff
AHMEDABAD – Torrent Power Ltd has cut its capital expenditure for the renewable energy sector to just a third of what was planned earlier because of unremunerative tariffs and high land prices, sources in know of the development told Cogencis. Torrent Power will now add only 291 MW of wind power to the existing capacity […]
Torrent Power Q2 profit rises 83% to Rs 755 crore
Total income rose to Rs 3,891.29 crore in the quarter under review from Rs 3,488.66 crore. New Delhi: Torrent Power on Tuesday posted about 83 per cent jump in its consolidated net profit at Rs 755.61 crore in the quarter ended September 2019. Its consolidated net profit was Rs 413.52 crore in the same quarter […]
Motilal Oswal initiates Torrent Power with ‘buy’, says best play in private power sector
Motilal Oswal initiated coverage on Torrent Power with a rating of “Buy” after considering it as the best play in the private power sector The brokerage initiated a ‘buy’ rating on the stock with a price target of Rs 315 per share. Motilal Oswal initiated coverage on Torrent Power with a rating of “Buy” after […]
Vibrant Gujarat Summit: Rs 1 lakh cr MoUs signed in renewable power space
MoUs proposing investment of more than Rs 1 lakh crore were signed in the renewable energy space on the final day of the Vibrant Gujarat Summit (VGS) on Sunday. The Memorandums of Understanding would create more than 10,000 jobs upon completion, which is expected by 2020 and 2021, said officials. The Solar Energy Corporation of […]