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Page 4 - Torrent Power

'Son'rise at Torrent Power as Board okays Jinal Mehta as managing director

In a major management rejig that brings in the next generation to helm affairs at Ahmedabad-based Torrent Power Ltd., Chairman Sudhir Mehta's son Jinal Mehta's appointment as managing director was approved by the Board of Directors of the company. The Board on Wednesday also accepted Sudhir Mehta's desire to relinquish his position as Executive Chairman, in turn requesting him to accept the position of Chairman Emeritus. The company's Board also approved appointment of Sudhir Mehta's brother Samir Mehta as Chairman of Torrent Power Limited for a period of five years with effect from April 1, 2018 subject to shareholders' approval in the Annual General Meeting (AGM).In the past, Torrent Group's two major businesses - power and pharma - had been divided between brothers Sudhir Mehta (63) and Samir Mehta (54). However, the group has now begun a management rejig that will eventually see the next generation helming affairs at these businesses in near future.Armed with an MBA in ...

'Son'rise at Torrent Power as Board okays Jinal Mehta as managing director
Updated On : 07 Feb 2018 | 7:28 PM IST

Torrent Power gets approval to raise Rs 1,500 cr through NCDs

Govt should suitably dispose of hazardous medical waste, said PHDCCI

Torrent Power gets approval to raise Rs 1,500 cr through NCDs
Updated On : 17 Mar 2017 | 7:14 PM IST

Torrent Power gains on renewing franchise agreement for Bhiwandi circle

The stock was up 6% to Rs 184 on the BSE intra-day trade

Torrent Power gains on renewing franchise agreement for Bhiwandi circle
Updated On : 06 Dec 2016 | 1:02 PM IST

Torrent Power's stand-alone net dips by 41.92% at Q2

The company's stand-alone net profit decreased by 41.92% to Rs 138.68 crore in the second quarter of this financial year

Torrent Power's stand-alone net dips by 41.92% at Q2
Updated On : 27 Oct 2016 | 9:37 PM IST

Torrent Power seeks 38 LNG cargoes via term import tender

It is likely to be the firm's first import tender

Torrent Power seeks 38 LNG cargoes via term import tender
Updated On : 26 Oct 2016 | 2:09 AM IST

Torrent Power dips on weak Q4 results

The stock dipped 12% to Rs 199 on the BSE

Torrent Power dips on weak Q4 results
Updated On : 19 May 2016 | 9:52 AM IST

Torrent Power, Finolex Industries hit 52-week high

Thus far in 2016, Torrent Power zoomed 44% and Finolex Ind surged 22% as compared to 5% decline in Sensex

Torrent Power, Finolex Industries hit 52-week high
Updated On : 11 Mar 2016 | 10:24 AM IST

Torrent Power gains after board declares interim dividend

The stock rallied nearly 7% to Rs 242 after the company announced an interim dividend of Rs 4.5 per share (45%) for the current fiscal,

Torrent Power gains after board declares interim dividend
Updated On : 10 Mar 2016 | 2:02 PM IST