Latest news with #TorrentGreenEnergy
Business Standard
2 days ago
- Business
- Business Standard
Torrent Power's arm wins 300 MW wind project from SECI under wind tranche-XVIII
Torrent Power said that its wholly owned subsidiary, Torrent Green Energy has been awarded a 300 MW wind power project by Solar Energy Corporation of India (SECI) under the Wind Tranche-XVIII. The company emerged as the successful bidder through a competitive bidding process and received the letter of award (LoA) on 11 June 2025. The project, to be developed at a tariff of Rs 3.97 per unit, is expected to be commissioned within 24 months from the date of signing the power purchase agreement (PPA). The estimated investment for the project stands at approximately Rs 2,650 crore. Torrent Power has strategically positioned renewables as a key growth driver. With this project, the companys renewable capacity under development rises to 3.3 GWp. Aligned with its sustainability goals and the Government of Indias target of achieving 500 GW of non-fossil fuel capacity by 2030, Torrent is steadily expanding its green energy portfolio. Alongside a balanced mix of wind and solar assets, the company is also actively exploring emerging green energy avenues such as pumped hydro and green hydrogen. Torrent Power is a private sector integrated power utility engaged in the business of power generation, transmission and distribution. The company reported consolidated net profit of Rs 1,059.57 crore in Q4 FY25 zoomed 146.27% as against Rs 430.24 crore in Q4 FY24. Revenue from operations fell 1.10% year on year to Rs 6,456.34 crore in the quarter ended 31 March 2025. Shares of Torrent Power rose 0.58% to Rs 1,407.55 om the BSE.
Business Standard
2 days ago
- Business
- Business Standard
Torrent Green Energy receives LoAs for 300 MW ISTS connected Wind Power Projects
Under SECI -Tranche -XVIII Torrent Green Energy, wholly owned subsidiary of Torrent Power, has received two Letters of Award from Solar Energy Corporation of India (SECI) on 11 June 2025 for setting up of 300 MW ISTS connected Wind power projects under Wind Tranche-XVIII. The approx. project cost is Rs 2,650 crore.
Time of India
2 days ago
- Business
- Time of India
Torrent Power shares in focus after bagging 300 MW wind project from SECI
Synopsis Torrent Power shares will be in focus after its subsidiary, Torrent Green Energy, secured a 300 MW wind power project from SECI under Wind Tranche-XVIII. With a tariff of Rs 3.97/unit and Rs 2,650 crore investment, the project is set for commissioning within 24 months. This brings Torrent's total renewable capacity under development to 3.3 GWp.
Time of India
2 days ago
- Business
- Time of India
Torrent Power bags 300 MW wind project from SECI
Synopsis Torrent Power's subsidiary, Torrent Green Energy, has secured a 300 MW wind project from SECI under Wind Tranche-XVIII. The project, with a tariff of Rs 3.97 per unit, requires an estimated investment of Rs 2,650 crore. This win increases Torrent's renewable capacity under development to 3.3 GWp, solidifying its position in the power sector.
Business Standard
12-05-2025
- Business
- Business Standard
Arvind to acquire 26% stake in Torrent Urja 28
To source renewable power for its captive requirement Arvind has entered into a Share Subscription and Shareholders' Agreement with Torrent Green Energy (Sponsor) and its subsidiary, Torrent Urja 28 (TUPL). As part of this agreement, Arvind along with other User Members will subscribe Equity Shares of Rs.10/- each in TUPL, representing minimum 26% of its total equity share capital, thereby meeting the regulatory requirement of captive user under applicable electricity laws. The Company will invest 15.96% of equity share capital of TUPL towards its proportionate share in the capacity. The investment will support the development of 20 MW hybrid (wind-solar) power project for Arvind's captive requirement. Arvind signed a 25-year Power Purchase Agreement (PPA) with a Take-or-Pay arrangement for the supply of renewable energy. Post commissioning, this project will enable Arvind to source approximately 60% of its total electricity requirements from renewable sources.
