Torrent Power trades marginally higher on incorporating wholly owned subsidiary
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Torrent Power is currently trading at Rs 538.20, up by 0.45 points or 0.08% from its previous closing of Rs. 537.75 on the BSE.
The scrip opened at Rs. 530.30 and has touched a high and low of Rs. 538.30 and Rs. 530.30 respectively. So far 1161 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 609.90 on 22-Aug-2022 and a 52 week low of Rs. 416.00 on 19-May-2022.
Last one week high and low of the scrip stood at Rs. 540.45 and Rs. 513.75 respectively. The current market cap of the company is Rs. 25866.80 crore.
The promoters holding in the company stood at 53.57%, while Institutions and Non-Institutions held 29.41% and 17.03% respectively.
Torrent Power has incorporated a wholly owned subsidiary (WOS) namely ‘Torrent Urja 11’ on April 20, 2023. TU11 is incorporated with object to carry on the business of generation, transmission, distribution, purchase, procurement, sale, trading, import, export or otherwise deal in all forms of electrical power and energy including non-conventional and renewable sources of energy.
Torrent Power is an integrated utility engaged in the business of power generation, transmission and distribution with operations in the states of Gujarat, Maharashtra and Uttar Pradesh.
