Torrent Power Ltd Share Price – NSE  /  BSE

Power Generation & Distribution, Mid Cap

The cost of the project stood at Rs 1,825 crore and it will be commissioned within 24 months from power purchase agreement (PPA).

The project will have a tariff of Rs 3.65 kilowatthour (kWh) and the contract period will be 25 years from the commissioning of the project.

The annual capacity utilization factor (CUF) shall not be less than 50% for any of the year during the term of the PPA & rated power capacity of wind and solar will be in ratio of 2:1, the company stated in the press release.

For meeting the 50% CUF requirement, the company plans to install 245 MW of wind and solar capacity against contracted capacity of 150 MW, it added.

Torrent Power is a private sector integrated power utility engaged in the business of power generation, transmission and distribution.

The company’s consolidated net profit declined 47.4% to Rs 359.83 crore on 1.2% decrease in net sales to Rs 6,366.09 crore in Q3 FY24 over Q3 FY23.

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Torrent Power Ltd rose 5.09% today to trade at Rs 1423.75. The S&P BSE Utilities index is up 1.45% to quote at 5521. The index is down 0.27 % over last one month. Among the other constituents of the index, Orient Green Power Company Ltd increased 4.79% and Adani Power Ltd added 4.74% on the day. The S&P BSE Utilities index went up 95.63 % over last one year compared to the 25.39% surge in benchmark SENSEX.

Torrent Power Ltd has added 23.9% over last one month compared to 0.27% fall in S&P BSE Utilities index and 0.22% rise in the SENSEX. On the BSE, 3786 shares were traded in the counter so far compared with average daily volumes of 1.21 lakh shares in the past one month. The stock hit a record high of Rs 1515 on 27 Mar 2024. The stock hit a 52-week low of Rs 505.45 on 29 Mar 2023.

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Torrent Power has entered into share purchase agreement for acquisition of 100% equity share capital of Solapur Transmission (SPV) from PFC Consulting today.

Solapur Transmission has to establish Transmission System for Evacuation of Power from RE Projects in Solapur (1500 MW) SEZ in Maharashtra

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The cost of the project stood at Rs 3,650 crore and it will be commissioned within 24 months from power purchase agreement (PPA).

The project will have a tariff of Rs 3.65 kilowatthour (kWh) and the contract period will be 25 years from the commissioning of the project.

The annual capacity utilization factor (CUF) shall not be less than 50% for any of the year during the term of the PPA & rated power capacity of wind and solar will be in ratio of 2:1, the company stated in the press release.

For meeting the 50% CUF requirement, the company plans to install 480 MW of wind and solar capacity against contracted capacity of 300 MW, it added.

Torrent Power is a private sector integrated power utility engaged in the business of power generation, transmission and distribution.

The company’s consolidated net profit declined 47.4% to Rs 359.83 crore on 1.2% decrease in net sales to Rs 6,366.09 crore in Q3 FY24 over Q3 FY23.

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