Torrent Power Ltd.TORNTPOWER₹1,414.40 +1.11%

Torrent Green Energy Private Limited, a wholly owned subsidiary of Torrent Power Ltd., has secured a 300 MW wind power project from the Solar Energy Corporation of India (SECI). The project was awarded under SECI’s Wind Tranche-XVIII through a competitive bidding process.

The wind project is expected to be commissioned within 24 months from the date of executing the Power Purchase Agreement (PPA) and will operate at a tariff of ₹3.97 per unit. Torrent has estimated an investment of approximately ₹2,650 crore for the development of this project.

With this award, Torrent Power’s total renewable capacity under development rises to 3.3 GWp, underscoring its continued focus on clean energy as a key growth driver. The company has been steadily expanding its presence in renewables in alignment with India’s national target of achieving 500 GW of non-fossil fuel capacity by 2030. In addition to solar and wind, Torrent is also exploring other green energy pathways, including pumped hydro and green hydrogen.

Over the last three years, this stock has given multibagger returns of more than 203%.

Let’s take a look at its Factor Analysis scores: 

Disclaimer

Investments in securities market are subject to market risks, read all the related documents carefully before investing. This is for informational purposes and should not be considered as recommendations.

Kindly refer to  https://share.market/ for more details.

PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887, and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. 

Registration granted by SEBI, enlistment as Research Analyst, and Certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors

Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.