Torrent Power Q1 FY23: Profit Sees Two-Fold Surge Updated On Tue, Aug 9th, 2022 by Saurenergy Leading Ahmedabad-based power player Torrent Power Limited has released its Q1 FY-23 results. For the April to June quarter (Q1) of the current financial year, the company’s consolidated net profit increased by more than 140% to Rs 502.01 crore from Rs 207.78 crore in the equivalent quarter of the previous financial year 2021–22. The revenue […] Read more
Varun Mehta Is Torrent Power’s New Director On Board In Succession Plan Updated On Tue, Aug 9th, 2022 by Saurenergy Varun Mehta has been appointed to the Board of Torrent Power as Director. This move makes him the second third-generation member from the family to be elevated in a week’s time. This announcement comes close on the heels of the elevation of Aman Mehta, the son of Chairman, Torrent Group, Samir Mehta, to the board […] Read more
Torrent Power Eyes Expansion Through New Acquisitions & Bids Updated On Tue, Jul 19th, 2022 by Saurenergy The annual report of Torrent Power reveals that the company is looking to expand its renewable energy portfolio by the way of fresh acquisitions of existing projects. Torrent is also keen to enter the sectors of transmission and distribution through privatization and franchising. The total power producing portfolio of Torrent currently stands at 4,975 MW […] Read more
Torrent Power Secures 50 MW Solar Power Plant from SkyPower Updated On Mon, Apr 25th, 2022 by Saurenergy Leading Ahmedabad based power player Torrent Power Limited has said that the company has acquired a 50 MW Solar Power Project from SkyPower Group. Torrent informed that the enterprise value for this acquisition is somewhere about Rs 417 crore subject to closing price adjustments, in case there are any and the acquisition is further subject […] Read more
Torrent Power Bags 25 MW Solar Portfolio in Gujarat Updated On Fri, Feb 11th, 2022 by Saurenergy In a recent announcement, Torrent Power said that the company has entered into a share purchase agreement with Blue Daimond Properties and Balrampur Chini Mills for the acquisition of 100 per cent equity share capital of Visual Percept Solar Project, which operates a solar plant of 25 MW capacity in Gujarat. Subject to closing price […] Read more
Torrent Power Buys 156 MW Wind Capacity from CESC Updated On Wed, Sep 22nd, 2021 by Saurenergy Torrent Power on Tuesday announced that it has inked a share purchase pact to acquire 156 MW wind power projects for about Rs 790 crore from Surya Vidyut, an arm of CESC Ltd. Surya Vidyut operates 156 MW wind power plants spread across the states of Gujarat, Rajasthan and Madhya Pradesh, a statement said. The […] Read more
CESC To Serve Chandigarh Power Needs, As It Wins Distribution License For the UT Updated On Thu, Aug 5th, 2021 by Saurenergy In a stock exchange filing, CESC Limited has informed that Eminent Electricity Distribution Ltd , its subsidiary has placed the highest bid of ₹871 crore to acquire the electricity distribution business for Chandigarh. CESC is the key discom for Kolkata already, besides some other circles. The bid was invited by Chandigarh’s engineering department as part […] Read more
Torrent Power Back on Track For Discom License In D & N Haveli, Daman & Diu Updated On Fri, Jul 16th, 2021 by Saurenergy Torrent Power NSE has revealed that the Supreme Court has stayed a Bombay High Court order that imposed suspension on the tender process for the power distribution business in Dadra & Nagar Haveli and Daman & Diu. The company was found to be the highest bidder in the tender for a 51% equity stake in the […] Read more
Torrent Power Awarded 300 MW Solar PPA, Project to be Established in Gujarat Updated On Fri, Apr 23rd, 2021 by Saurenergy Torrent Power has been awarded a long-term PPA for 300 MW capacity of solar power generation, project to come up in Gujarat. Torrent Power has announced that it has been awarded a long-term Power Purchase Arrangement (PPA) for 300 MW capacity of solar power generation. The firm has stated that it will set up the […] Read more
