Torrent Power

June 07, 2023 09:59 AM IST

Torrent Power shares rise 9% on signing MoU with Maha govt for hydro projects

The company signed the MoU for the development of three pumped storage hydro projects of 5,700 MW capacity in the state of Maharashtra. The projects would entail an investment of about Rs. 27,000 crore and would provide employment to approximately 13,500 people during the construction period.

Torrent Power Consolidated March 2023 Net Sales at Rs 6,037.87 crore, up 61.28% Y-o-Y

Torrent Power Standalone March 2023 Net Sales at Rs 4,301.12 crore, up 18.38% Y-o-Y

Torrent Power posts Rs 484 crore net profit in March quarter

The consolidated net profit in the fiscal 2022-23 rose to Rs 2,164.67 crore from Rs 458.70 crore in the previous fiscal.

Suzlon bags 300 MW wind energy project from Torrent Power

Suzlon will install 100 wind turbine generators with a hybrid lattice tubular tower and a rated capacity of 3 MW each. The project is located in Karnataka and expected to be commissioned in 2025.

Torrent Power incorporates wholly-owned subsidiary TU14 to carry biz in power sector

Torrent Power owns 100 per cent equity in the TU14.

Torrent Power makes lowest bid for Indian power supply contract: Report

Torrent Power quoted 13.70 rupees per unit price for supply of 770-megawatts each for 45 days in April and May from two of its gas-based projects in the western state of Gujarat, the sources said.

Trade Spotlight | What's your strategy for Manappuram Finance, Torrent Power, Emami today?

Torrent Power shares rallied 5 percent to Rs 511, after downtrend from Rs 550 on March 17 till Rs 487 on March 27. The stock has formed robust bullish candlestick pattern on the daily scale with above average volumes. In a single day rally, it clawed back above 50/100/200-day EMAs.

Accumulate Torrent Power; target of Rs 550: Geojit

Geojit recommended accumulate rating on Torrent Power with a target price of Rs 550 in its research report dated March 28, 2023.

Hot Stocks | Torrent Power, Asian Paints, UltraTech Cement may fetch healthy returns

In November 2022, UltraTech Cement registered a breakout from Inverse Head & Shoulder price pattern which is bullish reversal signal and indicates bullish bias in price for medium term trend.

Know your stock | Earnings cheer, renewable biz prospects spur interest in Torrent Power

The integrated power player is expected to be one of the prime beneficiaries of the government's thrust on the clean energy transition. It has a presence across the entire power value chain, including generation, transmission and distribution, and seems to be well-positioned to capitalise on the opportunities in the sector, believe analysts.

Torrent Power Consolidated December 2022 Net Sales at Rs 6,442.79 crore, up 71.01% Y-o-Y

Torrent Power Standalone December 2022 Net Sales at Rs 4,867.24 crore, up 33.88% Y-o-Y

What should investors do with Torrent Power after a 10% rally in share price?

The enthusiasm in the stock seen on February 15 was driven by the company’s strong growth in revenue and net profit. The power company's net profit surged 88 percent to Rs 694.54 crore in the December quarter

Gainers & Losers: 10 stocks that moved the most on February 15

About 1,722 shares advanced, 1,657 shares declined, and 129 shares were unchanged on February 15

Torrent Power rallies 9% on stellar earnings, announces dividend

The company’s board has approved an interim dividend of Rs 22 per equity share for FY 2022-23, which includes a special dividend of Rs 13 per equity share

Torrent Power net profit grows 88% to Rs 694.54 crore in October-December

The company had clocked a net profit of Rs 369.45 crore in the October-December period of fiscal 2021-22, Torrent Power Ltd said in a regulatory filing. Total income rose to Rs 6,526.44 crore in the December quarter from Rs 3,833.14 crore in the year-ago period.

Trade Spotlight | What should you do with Torrent Power, Coforge, GAIL India on Tuesday?

GAIL India shares hit Rs 100 mark after a long time and rallied more than 3 percent to Rs 102.25, the highest closing level since May 20, 2022 and has formed long bullish candle on the daily charts with strong volumes, with higher high formation for fifth consecutive session.

These two stocks to be excluded from NSE F&O segment from April series

NSE said no contracts will be available for trading in Firstsource Solutions and Torrent Power with effect from March 31, 2023, the first day of the April series.

Torrent Power Q3 PAT seen up 27.1% YoY to Rs. 469.7 cr: HDFC Securities

Net Sales are expected to increase by 70 percent Y-o-Y (down 4.4 percent Q-o-Q) to Rs. 6,405 crore, according to HDFC Securities.

Adani Green, Torrent Power, Shell, Actis in fray for KKR's InvIT

Virescent Renewable Energy Trust trust has 16 operational solar power projects across seven states. If the deal goes through, it will be the first sale of an infrastructure investment trust in India, a report in ET has said

Torrent Power may buy ReNew Energy’s 1.1 GW capacity for $1.2 billion: Report

According to the report, the company is in talks to seal the deal amounting to $1.2 billion and has submitted a non-binding provide (NBO) for ReNew’s photo voltaic and wind energy belongings of 350 megawatts (MW) and 750MW, respectively, at a fairness worth of around $450 million.

Torrent Power Consolidated September 2022 Net Sales at Rs 6,703.15 crore, up 83.77% Y-o-Y

Torrent Pharma makes an expensive bet to expand dermatology business

The company is acquiring Curatio Healthcare at 6.9 times FY 23 estimated sales and 23 times operating earnings

Top 10 trading ideas by experts for next 3-4 weeks as volatility vexes bulls

There could be some kind of weakness or profit-booking in the coming sessions, followed by high possibility of consolidation and volatility, before showing any upward direction towards 18,000 mark, experts said