Looking ahead, JERA will continue to build a robust LNG portfolio across the Middle East, Asia, and the United States, to develop resilience against market volatility, the company said
Torrent Power attributed the Q2 growth to a higher contribution from merchant power sales from its gas-based power plants and lower financial costs
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Torrent Power shares rose 7 per cent after it secured a LoA to set up a coal-based thermal power project in Madhya Pradesh for ₹22,000 crore
Torrent Power on Tuesday reported over 25 per cent dip in consolidated net profit to Rs 741.58 crore in the June quarter due to lower revenues from generation as well as transmission & distribution businesses over lower electricity demand. It reported a consolidated net profit of Rs 996.34 crore in the year-ago period, a BSE filing showed. Total income declined to Rs 8,011.04 crore during the quarter from Rs 9,110.02 crore in the same period a year ago. The company explained that while the company's underlying business remains resilient, the performance during the quarter was particularly impacted due to lower power demand following the early onset of monsoon and elevated gas prices, impacting merchant gains from gas-based generation. Adjusted for these, total comprehensive income remained comparable to the same quarter last year. The company remains well-positioned to navigate cyclical variations, supported by its diversified business operations, it stated. Torrent Power, the Rs
Deliberations are ongoing and details of the potential transaction may change, the people said, adding that talks could also fall apart and other bidders might emerge
By comparison, the BSE Sensex index has jumped by nearly 8 per cent during the period, while the BSE Power index has underperformed the benchmark, rising by 5.2 per cent.