Latest news with #WindTranche-XVIII
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.
Mint
2 days ago
- Business
- Mint
Torrent Power share price gains despite stock market crash, led by a large order win
Stock Market Today: Torrent Power share prices gained in the morning trades on Friday despite stock market crash, led by a large order win. Torrent power announced receiving order for setting up of Wind power project, boosting its renewable portfolio. Torrent Power on Thursday, post market hours, informed the investors through its release on the exchanges about the order win pertaining to wind power project. Torrent power in its media release on the National Stock Exchange of India and the BSE or the Bombay Stock Exchange intimated about the receipt of letters of award for Torrent Green Energy Private Limited, a wholly owned subsidiary of the Company. The Letter of award has been received from Solar Energy Corporation of India (SECI) on June 11, 2025 as per Torrent Power Media release. The Letter of award is for setting up of 300 MW ISTS connected Wind power projects under Wind Tranche-XVIII, which will be disseminated shortly. ISTS refers to an Inter-State Transmission System. On June 11, 2025, a wholly owned subsidiary of Torrent Power Limited, Torrent Green Energy Pvt Ltd was awarded a Letter of Award by the Solar Energy Corporation of India (SECI) for the setting up of a 300 MW wind power project under Wind Tranche-XVIII after winning a competitive bidding process. With a tariff of ₹ 3.97 per unit, the project is expected to come on stream and get commissioned in the next 24 months after the Power purchase agreement or the PPA is executed. The estimated investment stands at ₹ 2,650 crore on the project. Renewable energy has been a strategic focus area for Torrent Power and a growth driver. As per Torrent power, with this project, Torrent's renewable capacity under development increases to 3.3 GWp. Torrent Power share price opened at ₹ 1399.45 on the BSE. The Torrent Power share price that saw a flt opening on Friday compared to the previous days closing price however gained ₹ 1419 levels during the intraday trades, marking gains of close to 1.5% on a day when stock market crashed and the Sensex was down more than 1%. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
2 days ago
- Business
- Business Standard
Stock Alert: Jubilant Pharmova, Canara Bank, Torrent Power, DCM Shriram, CSB Bank
Securities in F&O Ban: Aditya Birla Fashion & Retail (ABFRL), Birla Soft, Central Depository Services (CDSL), Chambal Fertilisers & Chemicals, Hindustan Copper, Indian Energy Exchange (IEX), Indian Renewable Energy Development Agency (IREDA), RBL Bank and Titagrah Rail Systems shares are banned from F&O trading on 11 June 2025. Stocks to Watch: Jubilant Pharmovas board approved the sale and transfer of its active pharmaceutical ingredients (API) business on a slump sale basis to Jubilant Biosys, a wholly-owned subsidiary. The API business of the company achieved turnover of Rs 609 crore, representing 8.35% of the consolidated turnover for the financial year ended 31st March 2025. Canara Banks board has approved the capital raising plan for the financial year 2025-26 amounting upto Rs 9,500 crore by way of debt instruments (Additional Tier I/Tier II Bonds). Torrent Powers wholly owned subsidiary, Torrent Green Energy has emerged as successful bidder under competitive bidding and has received letter of award from Solar Energy Corporation of India (SECI) on June 11, 2025 for setting up of 300 MW Wind power project under Wind Tranche-XVIII. The estimated investment for the project is Rs 2,650 crore. DCM Shrirams board has approved signing of a definitive agreement to acquire a 100% stake in wholly owned subsidiary, Hindusthan Speciality Chemicals for Rs 375 crore, to enter into Epoxy & Advanced Materials space, as a downstream integration of Epichlorohydrin (ECH). Dixon Technologies (India) has executed a joint venture agreement with Signify to enable formation of a joint venture company in India to carry on the OEM business of lighting products and accessories. The shareholding of the JV Co. will be held in equal proportion (50:50) by the Company and Signify CSB Bank announced that Reserve Bank of India (RBI) has approved the reappointment of Pralay Mondal as managing director & CEO of the bank for a period of three years with effect from September 15, 2025.
Time of India
2 days ago
- Business
- Time of India
Torrent Power bags 300 MW wind project from SECI
Torrent Power on Thursday said its arm, Torrent Green Energy Pvt Ltd, has emerged as a successful bidder for a 300 MW wind project . The project, with a tariff of ₹3.97 per unit, is to be commissioned within 24 months from the date of execution of the power purchase agreement (PPA), with an estimated investment of about ₹2,650 crore. Torrent Green Energy Pvt Ltd, a wholly-owned subsidiary, has received a 'Letter of Award' from Solar Energy Corporation of India ( SECI ) on June 11 for setting up a 300 MW Wind power project under Wind Tranche-XVIII. With this, Torrent's renewable capacity under development increases to 3.3 GWp. Part of Torrent Group, Torrent Power is one of the largest companies in the country's power sector with a presence across the entire power value chain - generation, transmission and distribution.
