Page 2 - Torrent Power

Torrent Power raises Rs 600 crore via non-convertible debentures

The issue is proposed to be listed on the Wholesale Debt Market Segment of the National Stock Exchange of India Ltd

Torrent Power takes over distribution in Dadra & Nagar Haveli, Daman & Diu

With a customer base of around 150,000, the newly formed DNHDD Power Distribution Company will have annual sales of 9 bn units of power and an annual revenue of about Rs 4,500 cr.

Torrent acquires 50 Mw solar power plant from Lightsource for Rs 300 cr

The plant in Maharashtra has a long-term PPA with Solar Energy Corp of India for full capacity for a period of 25 years at a tariff of Rs 4.43/ kWh

Why power utility stocks are likely to underperform going forward

Impact on JSW Energy, Torrent Power the highest due to sharp rise in fuel costs

Sensex dips for 3rd day, slips 59 pts; Ambuja Cement falls 6%, HDFC up 1%

On the sectoral front, key indices ended in the negative zone led by the Nifty Realty index (down 1.2 per cent) and the Nifty Pharma index (down 0.8 per cent).

Stocks to Watch: RIL, Ambuja Cements, Torrent Power, Easy Trip, Banks

Banking shares may see some action after four banks hiked deposit rates in the last one week, an indication that the interest rate cycle has turned amid uptick in loan demand.

Sensex ends choppy day 145 pts down; Vedant Fashions up 9%, SBI falls 2%

Among individual stocks, Bharti Airtel, M&M, HDFC, Kotak Bank, Nestle India, and Dr Reddy's Labs were the only Sensex gainers today

Torrent buys 25 Mw solar plants for Rs 163 cr from Balrampur Chini's SPV

Unit has long-term PPA in place with Gujarat Urja Vikas Nigam Limited for a period of 25 years

Torrent Power Q3 net up 15% to Rs 369 cr on gains from LNG trading

Consolidated revenues from operations up 28% to Rs 3,767.43 crore in Q3 of FY22

Sensex snaps 3-day winning run, ends 770 pts down; Nifty tops 17,750

Among sectors, all the key indices ended in the red, led by the Nifty IT index (down 2 per cent) and the Nifty Realty index (down 1.7 per cent). Nifty Auto index was the only gainer, up 0.4 per cent.

Torrent Pharma to launch Molnupiravir under brand name Molnutor in India

The Drugs Controller General of India (DCGI), based on the review of clinical data of Molnupiravir has approved the drug for the treatment of Covid-19 in adults for restricted emergency use in India

Torrent Pharma recalls over 27,000 bottles of blood pressure drug in US

The affected lot has been produced in India and later the company has supplied to its US-based subsidiary for distribution in the US, the world's largest market for generic drugs

Torrent Power surges 7%, nears record high on robust performance in Q2

The company enjoys a strong balance sheet position with some of the best financial ratios amongst private players in the power sector with debt: equity ratio of 0.69 as at Q2FY22

Torrent Power Q2 PAT up 82% to Rs Rs 369 cr on electricity demand spike

The company's revenue from operations was up by 17% to Rs 3,648 crore in Q2FY22, from Rs 3,129 crore a year ago

BSE Power index surges to a 10-year high, up nearly 4% on demand pick-up

Tata Power has surged 10 per cent and trading near its record high; Torrent Power, Power Grid and Indian Energy Excahgne (IEX) from the BSE Power index were all trading at respective all-time highs

Stocks to watch: ZEEL, Vodafone Idea, KEC Int'l, Torrent Power, Infosys

Vodafone plc has made it clear that it will not make any fresh equity infusion in its Indian telecom business--Vodafone Idea Ltd (VIL)

Torrent Power acquires 156 Mw wind power plants from CESC Ltd arm

Struck at an estimated enterprise value of Rs 790 cr, subject to closing price adjustments, the acquisition must now meet customary conditions for transaction closure

Torrent Power Q1 net down 44% to Rs 208 cr, revenue up marginally

The company recently signed a Securities Purchase Agreement with a JV of Lightsource BP and UKCI to acquire a 50 Mw solar power project at Maharashtra for an enterprise value of Rs 317 cr

Torrent Power to acquire 50 MW solar plant from Lightsource India

Torrent Power on Friday said it has inked an agreement with Lightsource India Ltd and Lightsource Renewable Energy (India) Ltd for acquisition of a 50 MW solar plant.

Stocks to watch: Infosys, Mindtree, Barbeque-Nation, Torrent Power, Vedanta

ICRA has upgraded credit rating for the bank facilities of Barbeque-Nation Hospitality