Torrent Power Ltd has informed BSE that the company on July 2 has signed Turnkey EPC Contracts with Siemens AG, Germany and Siemens Ltd, India for UNOSUGEN (the 382.5 MW Gas based Combined Cycle Power Project - the capacity expansion at the existing SUGEN Mega Power Project) and for the greenfield DGEN Project at Dahej SEZ (the 1200 MW Gas based Combined Cycle Power Project).
While UNOSUGEN is being established under the aegis of Torrent Power Ltd, DGEN is being established under the aegis of Torrent Energy Ltd, the wholly-owned subsidiary of the company. Thus, approximately 1600 MW power generation capacity would be added in the Torrent fold within the next three years.
Shares of Torrent Power gained more than 2 per cent on Friday to trade at Rs 348.05 during the afternoon session on the Bombay Stock Exchange (BSE).
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app