Torrent Power announced that its wholly owned subsidiary, Torrent Green Energy has incorporated a wholly owned subsidiary, named, Torrent Urja 28 and received the certificate of incorporation on 21 January 2025. Powered by Capital Market - Live

Torrent Power Ltd gained for a third straight session today. The stock is quoting at Rs 1464.4, up 3.05% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 23314.5. The Sensex is at 77055.77, up 0.43%. Torrent Power Ltd has slipped around 9.84% in last one month. Meanwhile, Nifty Energy index of which Torrent Power Ltd is a constituent, has slipped around 5.92% in last one month and is currently quoting at 33821.2, up 1.18% on the day. The volume in the stock stood at 2.37 lakh shares today, compared to the daily average of 7.5 lakh shares in last one month.The PE of the stock is 31.27 based on TTM earnings ending September 24.Powered by Capital Market - Live

Torrent Power Ltd is down for a fifth straight session today. The stock is quoting at Rs 1429.95, down 0.31% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.62% on the day, quoting at 23541.75. The Sensex is at 77635.94, down 0.66%.Torrent Power Ltd has lost around 11.98% in last one month.Meanwhile, Nifty Energy index of which Torrent Power Ltd is a constituent, has eased around 7.64% in last one month and is currently quoting at 35157.4, down 1.61% on the day. The volume in the stock stood at 5.05 lakh shares today, compared to the daily average of 8 lakh shares in last one month.The PE of the stock is 31.53 based on TTM earnings ending September 24.Powered by Capital Market - Live

Torrent Power Ltd gained for a third straight session today. The stock is quoting at Rs 1514.5, up 1.36% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.29% on the day, quoting at 24048.55078125. The Sensex is at 79487.22, up 1.25%. Torrent Power Ltd has slipped around 10.34% in last one month. Meanwhile, Nifty Energy index of which Torrent Power Ltd is a constituent, has slipped around 6.69% in last one month and is currently quoting at 35430.45, up 0.12% on the day. The volume in the stock stood at 2.59 lakh shares today, compared to the daily average of 9.68 lakh shares in last one month.The PE of the stock is 32.64 based on TTM earnings ending September 24.Powered by Capital Market - Live

Torrent Power announced successful completion of its Rs 3,500 crore (approx. USD 413.20 million) Qualified Institutions Placement (QIP). The issue garnered significant response from investors including domestic mutual funds, global investors and insurance companies, demonstrating their strong confidence in the Company's fundamentals and India's power sector. The QIP saw a very strong demand of approximately 4x the size of the issue (receiving bids of about Rs. 14,000 Crores) against the base issue size of Rs 3,500 Crores from a mix of international and domestic investors. The entire issue was placed with marquee long only investors such as SBI MF, Capital Group, SBI Pension, Kotak MF, Nippon MF, Norges Bank and Amundi. This marks the maiden equity raise by the Company and first equity raise in last three decades by the Torrent Group. Torrent Power's QIP is one of the largest fund raise conducted by a private utility player in India during the current financial year. Powered by Capital Market - Live

Torrent Power has allotted 2,32,86,759 equity shares to the eligible qualified institutional buyers at the issue price of Rs 1503 per equity share (including a premium of Rs 1493 per Equity Share) which is at a discount of Rs 52.75 per Equity Share i.e. 3.40% to the floor price of ₹ 1555.75 per equity share as determined in terms of the SEBI ICDR Regulations, aggregating to approximately Rs 3500 crore, pursuant to the QIP issue. With this allotment, the paid up equity share capital stands increased to Rs 503,90,35,430 comprising of 50,39,03,543 equity shares of Rs 10 each. Powered by Capital Market - Live

The company's board authorized and declared the opening of the issue on Monday, 2 December 2024. The floor price of Rs 1,555.75 is at a discount of 1.94% to the previous day's closing price of Rs 1,586.45 on the BSE. The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined by the company in consultation with the bookrunning lead manager appointed for the issue. Torrent Power is a private sector integrated power utility engaged in the business of power generation, transmission, and distribution. The company's consolidated net profit slipped 8.63% YoY to Rs 495.72 crore in Q2 FY25 over Q2 FY24. Revenue from operations grew by 3.09% YoY to Rs 7,175.81 crore in the quarter ended 30 September 2024. Powered by Capital Market - Live

Torrent Power has opened today a qualified institutional placement (QIP) issue of equity shares of face value of Rs 10 each at the floor price of Rs 1555.75 per equity share. Powered by Capital Market - Live

Torrent Power Ltd lost 1.94% today to trade at Rs 1591.25. The BSE Utilities index is down 0.7% to quote at 5559.38. The index is down 8.31 % over last one month. Among the other constituents of the index, Adani Green Energy Ltd decreased 1.39% and CESC Ltd lost 1.32% on the day. The BSE Utilities index went up 44.91 % over last one year compared to the 21.77% surge in benchmark SENSEX. Torrent Power Ltd has lost 17.31% over last one month compared to 8.31% fall in BSE Utilities index and 1.17% rise in the SENSEX. On the BSE, 1626 shares were traded in the counter so far compared with average daily volumes of 24359 shares in the past one month. The stock hit a record high of Rs 2037.35 on 22 Oct 2024. The stock hit a 52-week low of Rs 786.3 on 24 Nov 2023.Powered by Capital Market - Live

Torrent Power will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live