Torrent Power Limited Plans Rs 18,000 Crore Investment in Thermal Power Plant in Madhya Pradesh
Key Ideas
- Torrent Power Limited to invest Rs 18,000 crore in setting up a thermal power plant in Madhya Pradesh, aiming to expand its power generation capacity and create employment opportunities.
- The company's total installed capacity includes a significant focus on renewable energy, with plans to increase renewable energy share to 59% and reduce thermal power's share to 41%.
- Torrent Power has ambitious future plans to expand its renewable energy portfolio, with projects in pumped storage, transmission, and green hydrogen production.
- In recent financial results, the company's revenue has increased, while the net profit has seen a slight decrease, showcasing a positive growth trajectory.
Torrent Power Limited, a power stock in India, has announced a major investment of Rs 18,000 crore in establishing a thermal power plant in Madhya Pradesh. This move is expected to enhance the company's power generation capacity and create employment for over 7,000 individuals. Naveen Kumar Singh, the Vice President of Torrent Power, highlighted the favorable investment environment in Madhya Pradesh. The company's current installed capacity includes a focus on renewable energy, with plans to increase the share of renewable energy and reduce thermal power's contribution. Torrent Power is also looking towards expanding its renewable energy portfolio, with projects in pumped storage and transmission, along with a focus on green hydrogen production. Despite a slight decrease in net profit, the company's revenue has shown growth, indicating a positive trend in its financial performance. Torrent Power's strategic investments and expansion plans portray a forward-looking approach towards sustainable energy solutions in India.
Topics
India
Investing
Green Hydrogen
Renewable Energy
Investment
Power Generation
Financial Results
Expansion Plans
Thermal Power
Latest News