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Breakout stocks to buy or sell: BSE to Torrent Power — Sumeet Bagadia recommends five shares to buy today

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — Crest Ventures, BSE, Menon Bearings, Graphite India, and Torrent Power

Business Standard

Torrent Power rises after bagging LOI for 1,500 MW pump storage project from MSEDCL

Torrent Power added 3.35% to Rs 1839.65 after the company announced that it has emerged as a successful bidder and has received letter of intent (LOI) for a pump storage project from MSEDCL.

Business Standard

Torrent Power shares jump 5% on receiving Letter of Intent from Maha Discom

The northward move in Torrent Power shares came on the back of the news that the company has received a Letter of Intent from Maharashtra State Electricity Distribution Company (MSEDCL)

The Economic Times

Stocks in news: VST Industries, Torrent Power, REC, Tata Power, Mankind Pharma

Torrent Power has received Letter of Intent (LOI) from Maharashtra State Electricity Distribution Co. Limited (MSEDCL) for procurement of 1,500 MW/ 12,000 MWh energy storage capacity for pumped hydro storage project.

Business Standard

Torrent Power bags Maharashtra's 1,500 MW pumped hydro storage project

Torrent Power on Tuesday said it has bagged a 1,500 MW pumped hydro storage project (PSP) from Maharashtra State Electricity Distribution Co. Ltd. Torrent Power Ltd has emerged as a successful bidder and has received Letter of Intent (LOI) from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) on 17th September 2024 for procurement of 1,500 MW/12,000 MWh Energy Storage Capacity from Pumped Hydro Storage Project, the company said in a statement. Detailed letter of award will be issued by MSEDCL upon obtaining necessary approval from the Maharashtra Electricity Regulatory Commission (MERC) in terms of the tender document on the quoted tariff, it said. The pumped hydro storage project will supply power to MSEDCL for 40 years as part of the deal, it said. Under the Pumped Hydro Energy Storage Facility Agreement (PHESFA), the company shall make available to MSEDCL a contracted capacity of 1,500 MW capable of scheduled discharge of eight hours (with maximum continuous five hour

Business Line

Torrent Power receives LoI for 1,500 MW pumped hydro storage project

Torrent Power plans to supply the storage capacity from its upcoming pumped hydro storage plant being set up in Raigad district, Maharashtra

The Economic Times

Torrent Power receives LoI for 1,500 MW from MSEDCL for pump hydro storage

Torrent Power Limited has received a Letter of Intent from Maharashtra State Electricity Distribution Co. Limited for a 1,500 MW/12,000 MWh pumped hydro storage project in Raigad District. The project will provide energy storage capacity for 40 years, with the detailed award pending approval from the Maharashtra Electricity Regulatory Commission.

Business Standard

Torrent Power receives LoI for 1500 MW pumped hydro storage project

From Maharashtra State Electricity Distribution Co.(

Business Standard

Torrent Power zooms 7%, nears record high on signing MoU with Gujarat govt

Torrent Power share price today: The buying interest in Torrent Power shares came after the reaffirmed its commitment towards investment worth Rs 64,000 crore in green and sustainable projects

The Economic Times

Stocks in news: Tata Steel, Torrent Power, TVS Motor, JK Tyre, Firstsource

Stocks in news: Domestic markets closed slightly higher on Monday, continuing Friday's recovery. Key stocks in focus include Tata Steel, Torrent Power, TVS Motor, JK Tyre, and Firstsource due to various developments. Notable highlights include Tata Steel's expansion in Odisha and Torrent Power's significant investment in renewable energy projects.

The Economic Times

Companies pledge Rs 32.5 lakh crore investments by FY30

Indian companies, including Adani Green and Torrent Power, have pledged ₹32.45 lakh crore by FY30 for renewable energy projects. This includes commitments for solar and wind energy capacities, green hydrogen, and electrolyser manufacturing. The announcement was made at the Global RE-Invest Summit in Gandhinagar.

The Economic Times

Torrent Power commits investment of Rs 64,000 crore in renewable energy projects

Torrent Power Limited has committed over Rs 64,000 crore to renewable energy projects at RE-Invest 2024 in Gandhinagar. The investment aims to generate employment for 26,000 people. The company plans to achieve 10 GW of installed renewable energy capacity by 2030 and set up a green ammonia production facility.

Business Line

Torrent Power to invest ₹64000 crore in green projects

As part of these commitments, Torrent Power on Monday signed a MOU with Government of Gujarat for execution of 5 GW solar, wind or solar-wind hybrid project at Dwarka District in the State of Gujarat

Business Standard

Torrent Power to invest Rs 64,000 crore in green projects; stock up 2%

Torrent Power shares started today's trading session on a positive note and continue to trade northward on the bourses

Business Standard

Torrent Power reaffirms its commitment towards green and sustainable future

Plans to investment Rs 57,000 cr to achieve 10 GW renewable energy capacity by 2030

Business Standard

Torrent Power commits Rs 64,000-cr investment for green projects

Torrent Power informed that it has committed investments of over Rs 64,000 crore for green or renewable energy projects at 'RE-Invest 2024' with potential employment of 26,000.

CNBC TV18

RE-Invest 2024 | Torrent Power says will invest ₹64,000 crore in renewable energy projects

The first 'shapath patra' was to achieve 10 gigawatt (GW) of installed renewable energy capacity by 2030, with an investment of ₹57,000 crore, which would lead to the employment of 25,000 people.

Business Standard

Torrent Power commits Rs 64,000 crore investment for green projects

Torrent Power on Monday pledged Rs 64,000 crore investment for green or renewable energy projects having employment potential for 26,000 people. Torrent Power Ltd, the integrated power utility of diversified Torrent Group, has reaffirmed its commitment towards green and sustainable future as it submitted two 'Shapath Patras' to the Union Ministry of New and Renewable Energy at the 4th Edition of RE-Invest at Gandhinagar on Monday, a company statement said. RE-INVEST is being organised by the Ministry of New and Renewable Energy in partnership with CII. According to the statement, the company has submitted a Shapath Patra' to achieve 10 Gigawatt (GW) of installed Renewable Energy (RE) capacity by 2030, with an investment of Rs 57,000 crore. This investment is expected to generate direct and indirect employment for around 25,000 people. As part of these commitments, Torrent Power on Monday signed a Memorandum of Understanding (MoU) with the Gujarat government for execution of a 5 GW

Business Standard

Cong attacks Mahayuti govt over Adani's win to supply power to Maharashtra

With the Adani Group winning a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra, the Congress on Sunday alleged that it was a "rigged deal" facilitated by the Mahayuti government, which it claimed was "tottering towards a landslide defeat" in the upcoming assembly polls. The opposition party's attack came after the Adani Group won a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for the long term after its quote of Rs 4.08 per unit beat the likes of JSW Energy and Torrent Power. Reacting to the development, Congress general secretary in-charge Jairam Ramesh said, "Even as the Mahayuti Government in Maharashtra totters towards a landslide defeat, this is what they choose to do with their last few days in power. Yet another Modani enterprise undoubtedly!" "Shocking details of this rigged deal will soon start tumbling out," Ramesh said in X. Supplies are to start in 48 months from the date of award of the letter of intent. Lat

Business Standard

Adani wins bid to supply 6,600 MW of electricity at Rs 4.08/unit tariff

Adani group has won a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for the long term after its quote of Rs 4.08 per unit beat the likes of JSW Energy and Torrent Power, sources said. Its bid for the bundled renewable and thermal energy supply for 25 years was almost a rupee lower than the cost at which Maharashtra currently procures electricity and will help meet future electricity requirements of the state, two sources with direct knowledge of the matter said. Supplies are to start in 48 months from the date of award of the letter of intent. As per the bid conditions, Adani Power will supply solar power at a fixed cost of Rs 2.70 per unit throughout the entire supply period, while that from coal will be indexed to coal prices. Maharashtra State Electricity Distribution Company (MSEDCL), in March, floated a unique tender for sourcing 5,000 MW of electricity generated from sunlight and 1,600 MW of power generated from coal. That tender was floated ju

The Economic Times

Adani wins bid to supply 6,600 MW of electricity, Rs 4.08/unit tariff beats JSW, Torrent

Adani Group has secured a contract to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for 25 years at Rs 4.08 per unit. This bid, lower than current procurement costs, will help meet the state's future electricity needs. Supplies are set to begin in 48 months.

Business Line

Tech Query: What is the outlook for Torrent Power, PVR Inox, Larsen & Toubro (L&T)?

Torrent Power, PVR Inox, Larsen & Toubro (L&T)