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Torrent Power is currently trading at Rs. 1955.00, up by 137.85 points or 7.59% from its previous closing of Rs. 1817.15 on the BSE.

The scrip opened at Rs. 1922.95 and has touched a high and low of Rs. 1959.00 and Rs. 1888.25 respectively. So far 16042 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1969.95 on 18-Sep-2024 and a 52 week low of Rs. 692.00 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 1969.10 and Rs. 1755.00 respectively. The current market cap of the company is Rs. 87335.28 crore.

The promoters holding in the company stood at 53.57%, while Institutions and Non-Institutions held 29.42% and 17.01% respectively.

Torrent Power has received letter of award (LoA) from Maharashtra State Electricity Distribution Company (MSEDCL) for long-term supply of 2,000 Megawatt (MW) Energy Storage Capacity from InSTS Connected Pumped Hydro Storage Plant. This 2,000 MW capacity is inclusive of 1,500 MW Capacity for which Letter of Intent was already issued by MSEDCL on September 17, 2024. The company has now received allotment of additional 500 MW capacity under the tender taking the total capacity allocated to 2,000 MW.

MSEDCL will procure energy storage capacity from Torrent Power’s InSTS Connected Pumped Hydro Storage for a period of 40 years. The company plans to supply the storage capacity from its upcoming InSTS Connected Pumped Hydro Storage pumped hydro storage plant being set up in Maharashtra. Under the Energy Storage Facility Agreement (ESFA), the company shall make available to MSEDCL a contracted capacity of 2,000 MW capable of scheduled discharge of 8 hours (with maximum continuous 5 hours) per day. The input energy for charging shall be provided by MSEDCL.

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.