Torrent Power jumps on getting LoA to set up wind solar hybrid projects
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Torrent Power is currently trading at Rs. 1217.75, up by 56.95 points or 4.91% from its previous closing of Rs. 1160.80 on the BSE.
The scrip opened at Rs. 1185.40 and has touched a high and low of Rs. 1249.25 and Rs. 1184.00 respectively. So far 122192 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1288.45 on 11-Mar-2024 and a 52 week low of Rs. 485.00 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1288.45 and Rs. 1104.05 respectively. The current market cap of the company is Rs. 59788.73 crore.
The promoters holding in the company stood at 53.57%, while Institutions and Non-Institutions held 29.22% and 17.22% respectively.
Torrent Power has received Letter of Award (LoA) from Torrent Power -Distribution Unit for setting up of 300 MW (RE Power) Grid-Connected wind solar hybrid projects. The size of contract is Rs 3650 crore.
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.
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