Torrent Power jumps on foraying into Electric Mobility Infrastructure Sector
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Torrent Power is currently trading at Rs. 619.20, up by 15.35 points or 2.54% from its previous closing of Rs. 603.85 on the BSE.
The scrip opened at Rs. 614.95 and has touched a high and low of Rs. 633.95 and Rs. 613.30 respectively. So far 45323 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 745.00 on 08-Jun-2023 and a 52 week low of Rs. 430.90 on 30-Jan-2023.
Last one week high and low of the scrip stood at Rs. 636.05 and Rs. 600.10 respectively. The current market cap of the company is Rs. 29805.45 crore.
The promoters holding in the company stood at 53.57%, while Institutions and Non-Institutions held 29.18% and 17.25% respectively.
Torrent Power (TPL) has forayed into the Electric Mobility Infrastructure Sector. The initial set of 4 EV charging stations have been set up in Ahmedabad and 2 more are likely to be launched in Surat soon with more cities to be added in the near future.
This is a major step towards a greener, cleaner and more sustainable future for the citizens of Ahmedabad and Surat. Electric vehicles emit zero pollutants and have the potential to significantly reduce emissions and improve air quality in the company’s cities. A robust Public EV charging infrastructure is important to drive a revolution in the transportation sector by encouraging people to switch to electric vehicles and making it more convenient for them to do so.
Torrent Power is an integrated utility engaged in the business of power generation, transmission and d
