Torrent Power rises as its arm incorporates wholly owned subsidiary
Torrent Power is currently trading at Rs. 1542.15, up by 10.65 points or 0.70% from its previous closing of Rs. 1531.50 on the BSE.
The scrip opened at Rs. 1554.95 and has touched a high and low of Rs. 1554.95 and Rs. 1531.10 respectively. So far 4379 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2037.35 on 22-Oct-2024 and a 52 week low of Rs. 1207.20 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 1566.00 and Rs. 1383.50 respectively. The current market cap of the company is Rs. 77399.58 crore.
The promoters holding in the company stood at 51.09%, while Institutions and Non-Institutions held 39.50% and 9.41% respectively.
Torrent Power’s a wholly owned subsidiary -- Torrent Green Energy (TGEPL) has incorporated a wholly owned subsidiary namely ‘Torrent Urja Projects’ (TUPPL) and received certificate of incorporation on April 10, 2025. TUPPL is incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on April 09, 2025 and is yet to commence its business operations.
TUPPL is incorporated to carry on the business, in India and abroad, to provide EPC and associated solution for all types of infrastructure development projects including thermal, hydro, pumped storage, energy storage, green hydrogen (including its derivatives), nuclear, solar, wind, coal, gas, lignite, oil, biomass waste, tidal waves, etc.
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.
