Page 6 - Torrent Power

Hinduja group, Torrent, Piramal, Oaktree, bid for Reliance Capital

No takers for life and general insurance businesses of the bankrupt company, say sources

Torrent Power net profit rises 31 pc to Rs 484 crore in July-September

Torrent Power on Thursday posted over 31 per cent rise in its consolidated net profit at Rs 484.19 crore in September quarter compared to a year ago, mainly due to higher revenues. The consolidated net profit of the company was Rs 368.84 crore in the quarter ended on September 30, 2021, a BSE filing showed. Total income of the company rose to Rs 6,797.2 crore in the quarter from Rs 3,683.69 crore in the same period a year ago. Major reasons for improvement in the total comprehensive income for the quarter on y-o-y (year-on-year) basis are: increase in contribution from franchised distribution business due to reduction in T&D (Transmission and Distribution) losses on account of continuous and sustained focus on loss reduction activities and increase in electricity demand; improved performance of licensed distribution businesses, and net gain from trading of LNG (gas), among others, it stated. The company has an aggregate installed generation capacity of 4,160 MW comprising 2,730 MW

Tata Power, Adani Transmission: Is the bull-run over in power stocks?

Earlier this year, Power Grid Corporation, Adani Transmission, Tata Power and Torrent Power scaled record highs, but now are seen trading almost 11 - 22 per cent lower from their respective peaks.

Torrent Power and Sembcorp Industries in race to buy Vector Green Energy

The transaction is expected to have an equity value of 30 billion rupees ($377 million) and an enterprise value of 50 billion rupees

Succession at Torrent Group: Varun Mehta inducted into Torrent Power Board

After cousin Aman joins Torrent Pharma board, Varun Mehta, son of Sudhir Mehta, joins Torrent Power Board

Torrent Pharma expected to enter diagnostics space in next 2-3 months

A company called Torrent Diagnostics Private Ltd was incorporated in February this year and has a Torrent Pharmaceuticals executive director as one of its directors

Torrent Power to seek shareholders approval for raising Rs 2,000 cr

Company seeks the Members' approval for issuance of NCDs upto an aggregate amount of Rs 2,000 crore, within overall approved borrowing limit of the Company as a Special Resolution, stated AGM notice.

Torrent Power bags Rs 2,600-cr wind energy project in Karnataka from SECI

Torrent Power has bagged a 300 MW wind energy project worth Rs 2,600 crore in Karnataka from Solar Energy Corporation of India (SECI), according to a regulatory filing

Torrent Power posts Q4 loss of Rs 487 cr versus Rs 459 cr profit a year ago

Torrent Power's revenue from operations grew by 21 per cent to Rs 3,744 crore for Q4 of FY22 as against Rs 3,084 crore in Q4 of FY21

Torrent Power to acquire 50 MW solar plant from SkyPower Group

Torrent Power has inked a share purchase pact to acquire 100 per cent equity in a 50 MW solar plant of SkyPower Group at an enterprise value of Rs 417 crore. Torrent Power Ltd has entered into a Share Purchase Agreement (SPA) with SkyPower Southeast Asia III Investments Limited and SkyPower Southeast Asia Holdings 2 Limited (the Sellers) for the acquisition of 100 per cent securities of Sunshakti Solar Power Projects Private Ltd (the SPV special purpose vehicle). The SPV operates a 50 MW Solar Power Project in the state of Telangana. Long-term Power Purchase Agreement (PPA) for the Project is with Northern Power Distribution Company of Telangana Limited (NPDCTL) for a period of 25 years at a fixed tariff of approx Rs 5.35 per kWh, with remaining useful life of about 20 years. The enterprise value for this acquisition is around Rs 417 crore, subject to closing price adjustments, if any, the company said in a statement. The acquisition is further subject to customary conditions for

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.