Torrent Power on Thursday posted 73 per cent decline in consolidated net profit at Rs 202.17 crore for September quarter of the current fiscal year
Revenue from operations, however, stood at Rs 3,007.05 crore, down 19.5 per cent against Rs 3,736.13 crore in the June 2019 quarter.
This move by MP govt comes after the union power ministry had clarified electricity generation is an essential service and no state can invoke force majeure to defer payments
The company increased its generation capacity from 3,703 MW to 3,879 MW during the year, with the entire addition in capacity coming from renewable energy
Torrent Power Limited (TPL) has registered a consolidated loss before tax (LBT) of Rs 693.06 crore for the quarter ended March 2020 as against a profit before tax (PBT) of Rs 220.41 crore in the corre
The two companies distribute power in Agra, Noida respectively
Scenario to benefit power exchanges, merchant producers
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
rom Nifty option chain, the next support level for Nifty is seen at 12,000
Torrent Power's total income increased to Rs 3,306.83 crore during October-December 2018, from Rs 2,792.83 crore in the year-ago period
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 ...
Govt should suitably dispose of hazardous medical waste, said PHDCCI
The stock was up 6% to Rs 184 on the BSE intra-day trade
The company's stand-alone net profit decreased by 41.92% to Rs 138.68 crore in the second quarter of this financial year
It is likely to be the firm's first import tender
The stock dipped 12% to Rs 199 on the BSE
Thus far in 2016, Torrent Power zoomed 44% and Finolex Ind surged 22% as compared to 5% decline in Sensex
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,