Torrent Power Sees Positive Stock Movement Amid Capex Guidance and Operational Expansions
Key Ideas
  • Torrent Power's shares rose by 2.4% on BSE, closing at Rs. 1,485.35 with positive returns over the past year.
  • The company aims for a capex of Rs. 2,000 crores in the upcoming year, focusing on distribution, franchise, and renewable energy projects.
  • Operational capacity details show growth in renewable energy generation and a significant customer reach in electricity distribution.
  • Project updates include commissioning of a solar project, pipeline projects for renewable energy, and a pilot green hydrogen blending project in UP.
Torrent Power Limited, a major player in India's power sector, experienced a 2.4% increase in its stock value on the Bombay Stock Exchange. With a market cap of Rs. 74,847.3 crores, the company's shares closed positively at Rs. 1,485.35. Torrent Power has shown positive returns over the past year and continues to invest in expanding its operational capacity. The company's capex guidance reveals plans to invest Rs. 2,000 crores in the upcoming financial year, with a significant focus on renewable energy projects. Torrent Power's operational capacity includes a mix of gas-based, renewable, and coal-based generation totaling 4,754 MWp, with further projects under development. Additionally, the company distributes electricity to millions of customers across various regions. Recent project updates highlight the commissioning of a 300 MW solar project, pipeline projects for renewable energy, and a green hydrogen blending pilot project in Uttar Pradesh. The company is also working on transmission projects to support renewable energy evacuation. Financially, Torrent Power saw growth in revenue and net profit, indicating a positive trend in its performance. The company aims to increase its renewable portfolio to 4.6 GW. As part of the Torrent Group, Torrent Power is recognized for its reliability in power distribution in Gujarat and is known for its efficiency in operations. The article provides an overview of Torrent Power's recent stock movement, capex plans, operational expansions, project updates, and financial performance, showcasing a positive outlook for the company's growth and sustainability.
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