Torrent Power Ltd News Today

Additionally, the business said that it plans to commission the project within 24 months from the signing of the power purchase agreement (PPA).

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The company could be able to cater to the country’s increasing power demand, support peak demand, and balance the renewables.

The EBITDA margin stood at 17.50% in the quarter under review against 17% in the previous corresponding period.

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EBITDA increased by 6.5% YoY, reaching ₹1,111.6 crore, compared to ₹1,044 crore in the previous fiscal’s third quarter.

According to Torrent Power, this project marks a significant stride in its transition towards renewable energy and sustainability that would further anchor it in the clean energy transition in India.

It is a 15-month project from the date of LoA, which shows that the company has the capability of completing on time the infrastructure projects.

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Torrent Power, a significant entity in India’s power generation, transmission, and distribution sectors, has a current market valuation of ₹27,183 crore.