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Torrent Power QIP oversubscribed 4x against issue size of Rs 3,500 Crores

December 9, 2024 revoi editor

Ahmedabad : Torrent Power Limited (“Company”), one of India’s leading private sector integrated power utilities, announced successful completion of its Rs 3,500 Crores (approx. USD 413.20 million) Qualified Institutions Placement (“QIP”). The issue garnered significant response from investors including domestic mutual funds, global investors and insurance companies, demonstrating their strong confidence in the Company’s fundamentals […]

Business

Torrent Power receives Letter of Intent for 1,500 MW Pumped Hydro Storage Project

September 17, 2024 Vinayak Barot

Ahmedabad, 17th September, 2024: Torrent Power Limited has emerged as a successful bidder and has received Letter of Intent (LOI) from Maharashtra State Electricity Distribution Co. Limited (MSEDCL) on 17th September 2024 for procurement of 1,500 MW/ 12,000 MWh Energy Storage Capacity from Pumped Hydro Storage Project. Detailed Letter of Award will be issued by […]

Business

Torrent Power commits investments of over Rs 64,000 crores at ‘RE-Invest 2024’ with potential employment for 26,000 people

September 16, 2024 Vinayak Barot

Ahmedabad, 16th September, 2024: Torrent Power Limited, the integrated power utility of diversified Torrent Group, has reaffirmed its commitment towards green and sustainable future as it submitted two Shapath Patras to the Union Ministry of New and Renewable Energy, Government of India at the 4th Edition of RE-Invest at Gandhinagar on Monday. The Company has submitted a ‘Shapath […]

Business

Torrent Power reports Q1 FY 2024-25 results

July 30, 2024 Vinayak Barot

Torrent Power Limited (the “Company”) today announced financial results for the quarter ended June 30, 2024. The major reasons for higher PAT of Rs. 464 crs for the quarter on y-o-y basis are: Increase in contribution from merchant power sales in gas-based power plants; Increase in contribution from licensed distribution businesses; Increase in tax expenses. […]

Business

Torrent Power to supply Crunch Period power to meet country’s high demand during Summer

March 2, 2024 Vinayak Barot

Torrent Power Limited (TPL) has emerged successful under competitive bidding and received Letter of Award from NVVN on March 01, 2024, for supply of power from its Gas-based Power Plant during forthcoming Summer’s crunch/high power demand periods from March 16, 2024 to June 30, 2024 period. Government of India, through NVVN, has come up with […]

Business

Torrent Power reports Q1 FY 2023-24 results: ₹ 7,328 crs in Q1 FY 2023-24 compared to ₹ 6,510 crs in Q1 FY 2022-23, up by 13%

August 10, 2023 Vinayak Barot

August 10, 2023: Torrent Power Limited (the “Company”) today announced financial results for the quarter ended June 30, 2023. The major reasons for improvement in the Total Comprehensive Income for the quarter on y o-y basis are: ⇧ Increase in contribution from merchant power sales in gas-based power plants; ⇧ Increase in contribution from licensed […]