Torrent Power News and Updates

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Torrent Power Ltd.

05 Jul 2024

1300.70

-0.12%

Torrent Power seeks shareholders nod to raise up to Rs 5,000 cr via equity

Business Standard

Torrent Power on Friday said it will seek shareholders' approval to raise up to Rs 5,000 crore through equity shares. The approval will be sought in the annual general meeting scheduled on July 30, 2024. In a notice, the company said there is an ongoing requirement of working capital and capex for upgradation/ expansion of the company's power generation, distribution businesses and ongoing projects. The generation of internal funds may not be adequate to meet all the requirements of the company's growth plans, it stated, adding that the requirement of funds is proposed to be met from both equity and debt from issuance of appropriate securities and from both domestic and international markets. The company's board, in a meeting held on May 22, 2024, recommended to the members to give their consent to raise up to Rs 5,000 crore through the issuance of equity shares and/ or Foreign Currency Convertible Bonds (FCCBs) and/ or convertible bonds/ debentures or any equity-linked instrument/

Torrent Power Ltd. is trading below its 30 day SMA of 1308.3

Torrent Power Ltd.

22 May 2024

1300.70

-0.12%

Torrent Power Results Earnings Call for Q4FY24

Conference Call with Torrent Power Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.

audio

Torrent Power Ltd.

22 May 2024

1300.70

-0.12%

Torrent Power Q4 Results: Net Profit Falls 8% To Rs 447 Crore

NDTV Profit

The company had reported a consolidated net profit of Rs 484 crore in the quarter ended March 2023, a BSE filing showed.

Torrent Power Ltd. is trading below its 30 day SMA of 1308.3

Torrent Power Ltd.

22 May 2024

1300.70

-0.12%

to see Rapid results content

Torrent Power Ltd.

01 Apr 2024

1300.70

-0.12%

Sudhir Mehta Steps Down As Non-Executive Non-Independent Director Of Torrent Power

NDTV Profit

Sudhir Mehta has resigned as a Non-Executive Non-Independent Director of Torrent Power, according to a regulatory filing.

Torrent Power Ltd. has an average target of 1438.00 from 2 brokers.

Torrent Power Ltd.

01 Apr 2024

1300.70

-0.12%

Torrent Power Shares Gain Over 7% After Winning Solar-Wind Hybrid Project

NDTV Profit

The company won a letter of award for the 150-megawatt grid connect wind-solar hybrid project under greenshoe option.

Torrent Power Ltd. is trading below its 30 day SMA of 1308.3

Torrent Power Ltd.

28 Mar 2024

1300.70

-0.12%

Torrent Power Gets Letter Of Award Worth Rs 1,825 Crore From Distribution Unit

NDTV Profit

It will have a contract period of 25 years after the agreement is signed.

Torrent Power Ltd. has an average target of 1438.00 from 2 brokers.

Torrent Power Ltd.

26 Mar 2024

1300.70

-0.12%

Gail To Torrent Power: Why Shares Of Oil, Gas And Power Companies Rose Today

NDTV Profit

LNG spot prices are currently trading around $8.3-9 per million metric British thermal unit, 56% year-on-year drop from the average price of $18.75 per million metric British thermal unit a year ago.