Torrent Power announced that the Board of Directors of the Company at its meeting held on 22 May 2024, inter alia, have recommended the final dividend of Rs 4 per equity Share (i.e. 40%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Torrent Power declined 4.19% to Rs 430.24 crore in the quarter ended March 2024 as against Rs 449.07 crore during the previous quarter ended March 2023. Sales rose 8.13% to Rs 6528.58 crore in the quarter ended March 2024 as against Rs 6037.87 crore during the previous quarter ended March 2023.For the full year,net profit declined 13.42% to Rs 1833.23 crore in the year ended March 2024 as against Rs 2117.43 crore during the previous year ended March 2023. Sales rose 5.80% to Rs 27183.21 crore in the year ended March 2024 as against Rs 25694.12 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales6528.586037.87 8 27183.2125694.12 6 OPM %16.9918.06 -16.7718.52 - PBDT972.33997.06 -2 3960.104322.32 -8 PBT617.31668.24 -8 2582.603041.36 -15 NP430.24449.07 -4 1833.232117.43 -13 Powered by Capital Market - Live News

Torrent Power announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 18 July 2024 .Powered by Capital Market - Live News

Torrent Power has entered into share purchase agreement for acquisition of 100% equity share capital of Solapur Transmission (SPV) from PFC Consulting today. Solapur Transmission has to establish Transmission System for Evacuation of Power from RE Projects in Solapur (1500 MW) SEZ in MaharashtraPowered by Capital Market - Live News

Torrent Power has emerged as a successful bidder and has received Letter of Award from Maharashtra State Electricity Distribution Co. (MSEDCL) on March 07, 2024 for setting up of 306 MW grid-connected Solar power project, at 48 distributed locations, across Nasik District, Maharashtra. The LOA was handed over by Hon`ble Deputy Chief Minister of Maharashtra, Shri Devendra Fadnavis. Project is conceived by MSEB Solar Agro Power Limited (MSAPL) under MSKVY 2.0 scheme for implementation of feeder level solarization under Component C of PM-KUSUM scheme connected to the distribution network. Project shall be commissioned within 18 months from the Letter of Award at an estimated cost of Rs 1,540 crore. The tariff for the project is Rs. 3.10/kWh for the period of 25 years. Powered by Capital Market - Live News