Torrent Power’s Profit Up by 32% on Higher Electricity Demand, Reduced T&D Losses

Torrent Power’s Profit Up by 32% on Higher Electricity Demand, Reduced T&D Losses

Gujarat-based power company Torrent Power’s profit increased year-over-year (YoY) by 32% to ₹4.8 billion (~$60.04 million) in the second quarter (Q2) of the financial year (FY) 2022-23 due to a ...
Torrent Power Records a 110% YoY Increase in Revenue in Q1 FY23

Torrent Power Records a 110% YoY Increase in Revenue in Q1 FY23

Gujarat-based power company Torrent Power recorded revenue of ₹66.19 billion (~$832.01 million) in the first quarter (Q1) of the financial year (FY) 2023, a year-over-year (YoY) increase of 110% compared ...
/ / Other, Renewable Energy
Torrent Power Acquires 50 MW Wind Project from Inox Green

Torrent Power Acquires 50 MW Wind Project from Inox Green

Gujarat-based power company Torrent Power has acquired a 100% stake in Wind Two Renergy from lnox Green Energy Services. The estimated acquisition cost is ₹325.1 million (~$4.09 million), representing 100% ...
/ / Finance and M&A, Other
Daily News Wrap-Up: SECI Annuls Tender for Green Hydrogen-Based Pilot Project in Leh

Daily News Wrap-Up: SECI Annuls Tender for Green Hydrogen-Based Pilot Project in Leh

Here are some noteworthy cleantech announcements of the day from around the world: Solar Energy Corporation of India (SECI) announced the annulment of the request for proposal (RfS) to set ...
Daily News Wrap Up: NHPC Signs EPC Contract With Adani for 600 MW Solar Project

Daily News Wrap Up: NHPC Signs EPC Contract With Adani for 600 MW Solar Project

Here are some noteworthy cleantech announcements of the day from around the world: NHPC signed an engineering, procurement, and construction (EPC) contract with Adani Infra (India) Limited to develop a ...
Torrent Power Records a 17% YoY Increase in Revenue in FY 2022

Torrent Power Records a 17% YoY Increase in Revenue in FY 2022

Gujarat-based power company Torrent Power has announced the fourth quarter (Q4) and full-year financial results for the financial year (FY) 2021-22. The company recorded a revenue of ₹37.44 billion (~$484.63 ...
/ / Finance and M&A, Other
Torrent Power Acquires a 50 MW Solar Project in Telangana for ₹4.17 Billion

Torrent Power Acquires a 50 MW Solar Project in Telangana for ₹4.17 Billion

Torrent Power Limited, a Gujarat-based power company, has signed a share purchase agreement to acquire a 100% stake in the special purpose vehicle (SPV) operating a 50 MW solar project ...
/ / Finance and M&A, Solar
Daily News Wrap-Up: Torrent Power Completes Acquisition of a 50 MW Solar Project

Daily News Wrap-Up: Torrent Power Completes Acquisition of a 50 MW Solar Project

Here are some noteworthy cleantech announcements of the day from around the world: Torrent Power announced the completion of its acquisition of 100% of the share capital and all securities ...
/ / Other, Renewable Energy
Torrent Power Acquires 51% Stake in Dadra and Nagar Haveli, Daman, and Diu DISCOMs

Torrent Power Acquires 51% Stake in Dadra and Nagar Haveli, Daman, and Diu DISCOMs

Torrent Power announced the signing of a Share Purchase Agreement (SPA) and Shareholders Agreement (SHA) to complete the acquisition of 51% equity share capital in Dadra and Nagar Haveli and ...
/ / Finance and M&A, Other
Torrent Power Acquires a 25 MW Solar Project in Gujarat for ₹1.63 billion

Torrent Power Acquires a 25 MW Solar Project in Gujarat for ₹1.63 Billion

Gujarat-based power company Torrent Power Limited announced that it has entered into a share purchase agreement with Blue Daimond Properties and Balrampur Chini Mills to acquire 100% equity share capital of ...
/ / Finance and M&A, Solar
Torrent Power's Revenue from Operations Jumps 16% YoY in 9M FY 2022

Torrent Power’s Revenue from Operations Jumps 16% YoY in 9M FY 2022

Gujarat-based power company Torrent Power has announced the financial results for the first nine months (9M) and third quarter (Q3) of the financial year (FY) 2022. The company's total revenue ...
/ / Finance and M&A, Other
Government Moves Ahead on Dadra & Nagar Haveli, Daman & Diu DISCOM Privatization

Government Moves Ahead on Dadra & Nagar Haveli, Daman & Diu DISCOM Privatization

The Union Cabinet has approved the formation of a special purpose vehicle (SPV) to privatize the electricity distribution business in the Union Territory (UT) of Dadra & Nagar Haveli and ...
/ / Markets & Policy, Other
Torrent Power's Revenue Jumps 17% YoY to ₹36.48 Billion in Q2 FY 2021

Torrent Power’s Revenue Jumps 17% YoY to ₹36.48 Billion in Q2 FY 2021

Gujarat-based power generator Torrent Power has recorded a revenue of ₹36.48 billion (~$487.55 million) in the second quarter (Q2) of the financial year (FY) 2022, a 17% year-over-year (YoY) growth from ...
/ / Finance and M&A, Other
Torrent Power Acquires 156 MW Wind Projects from CESC for ₹7.9 Billion

Torrent Power Acquires 156 MW Wind Projects from CESC for ₹7.9 Billion

Torrent Power Limited has entered into a share purchase agreement with CESC Limited, Haldia Energy Limited, and other nominal shareholders to acquire 100% of the share capital of Surya Vidyut ...
/ / Finance and M&A, Wind
Torrent Power's Revenue Inches Up To ₹31 Billion In Q1 FY 2022

Torrent Power’s Revenue Inches Up To ₹31 Billion In Q1 FY 2022

Gujarat-based power generation company Torrent Power declared its financial results for the first quarter (Q1) of the financial year (FY) 2022 and recorded a 3.05% year-over-year (YoY) growth in its revenue from ...
/ / Finance and M&A, Other
Torrent Power Acquires 100% Stake in a 50 MW Solar Project in Maharashtra

Torrent Power Acquires 100% Stake in a 50 MW Solar Project in Maharashtra

Gujarat-based power generation company Torrent Power has signed an agreement with Lightsource India and Lightsource Renewable Energy to acquire 100% of the share capital and all securities of the special purpose ...
/ / Finance and M&A, Solar
Regulator Approves Tariff of ₹2.22kWh Discovered in Torrent’s 300 MW Solar Auction

Regulator Approves Tariff of ₹2.22/kWh Discovered in Torrent’s 300 MW Solar Auction

The Gujarat Electricity Regulatory Commission (GERC) has approved Torrent Power to adopt the tariff discovered through a competitive bidding process for procuring power from grid-connected solar photovoltaic (PV) projects in ...
Torrent Power's Total Income Up by 13% in FY 2021

Torrent Power’s Total Income Up by 13% in FY 2021

Torrent Power has announced the results for the fourth quarter (Q4) of the financial year (FY) 2020-2021. As per the financial statement released by the company, the company reported a ...
https://pixabay.com/photos/energy-environment-ecology-power-1989341/

Daily News Wrap-Up: Torrent Awarded PPA for 300 MW Solar Project in Gujarat

Here are some noteworthy cleantech announcements of the day from around the world: Power developer and generator Torrent Power Limited has been awarded a long-term power purchase agreement (PPA) for ...
/ / Other, Renewable Energy
Solar Tenders Rise by 27%, Auctions Up 163% in Q1 2021

Solar Tenders Rise by 27%, Auctions Up 163% in Q1 2021

Government agencies announced tenders for 10.6 GW of solar power projects in the first quarter (Q1) of 2021, an increase of 27% compared to 8.3 GW in the previous quarter, ...
GUVNL 500 MW

Gujarat’s 500 MW Solar Tender Receives Strong Response

The Gujarat Urja Vikas Nigam Limited's (GUVNL) tender to purchase power from 500 MW of grid-connected solar projects (Phase XII) in the state has received a good response and has ...
Bombay High Court Stays DISCOM Privatization Auction Won by Torrent Power

Bombay High Court Stays DISCOM Privatization Auction Won by Torrent Power

The Bombay High Court has suspended the auction for a 51% equity stake in the power distribution company (DISCOM) for the Union Territory of Dadra and Nagar Haveli and Daman ...
/ / Grid, Market & Policy
Torrent Power's Plea for Changes to 'Force Majeure' and 'Change in Law' Clauses Approved

Torrent Power’s Plea for Changes to ‘Force Majeure’ and ‘Change in Law’ Clauses Approved

The Gujarat Electricity Regulatory Commission (GERC) has approved the changes sought by Torrent Power to the 'force majeure' and the 'change in law' clauses in the draft power purchase agreement ...
Torrent Power to Acquire 51% Stake in Dadra & Nagar Haveli and Daman and Diu DISCOMs

Torrent Power to Acquire 51% Stake in Dadra & Nagar Haveli, Daman and Diu DISCOMs

Torrent Power has emerged as the highest bidder for the acquisition of the power distribution company (DISCOM) in the union territory of Dadra & Nagar Haveli, Daman and Diu, according ...
/ / Finance and M&A, Other
Torrent Power and Adani Green Winners in Gujarat’ 300 MW Solar Auction

Torrent Power and Adani Green Winners in Gujarat’s 300 MW Solar Auction

Torrent Power Generation and Adani Green Energy are winners in Torrent Power Limited’s auction to develop 300 MW of grid-connected solar projects in Gujarat. Adani Green and Torrent Power quoted ...
/ / Solar, Tenders & Auctions