Torrent Power Ltd News Today

EBITDA increased by 6.5% YoY, reaching ₹1,111.6 crore, compared to ₹1,044 crore in the previous fiscal’s third quarter.

According to Torrent Power, this project marks a significant stride in its transition towards renewable energy and sustainability that would further anchor it in the clean energy transition in India.

It is a 15-month project from the date of LoA, which shows that the company has the capability of completing on time the infrastructure projects.

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Torrent Power, a significant entity in India’s power generation, transmission, and distribution sectors, has a current market valuation of ₹27,183 crore.

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The company is collaborating with Kotak Mahindra Capital for the QIP, with more banks expected to join the process.

The LoA is for a long-term supply of 2,000 Megawatts (MW) of energy storage capacity from Torrent Power’s InSTS Connected Pumped Hydro Storage Plant.

Torrent Power is a major player in India’s power sector, boasting a market capitalization of ₹27,183 crore as part of the ₹41,000-crore Torrent Group.

Here are some of the stocks that may see significant price movement today: REC, Torrent Power, Infosys, Biocon, etc.