Torrent Power gains on inking MoU with Gujarat Govt

Torrent Power rose 1.88% to Rs 1,813.70 after the company entered into a memorandum of understanding (MoU) with the Government of Gujarat for execution of 5 GW solar, wind or solar-wind hybrid project at Dwarka District in Gujarat.

Torrent Power is a private sector integrated power utility engaged in the business of power generation, transmission and distribution.

The companys consolidated net profit jumped 87.96% to Rs 972.24 crore in Q1 FY25 as against with Rs 517.27 crore posted in Q1 FY24. Revenue from operations grew by 23.28% year on year to Rs 9,033.73 crore in the quarter ended 30 June 2024.

 

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