The Exchange has sought clarification from Torrent Power Limited with respect to recent news item captioned Torrent Power bets ₹1 lakh crore on energy, builds new B2C platforms: Jinal Mehta, vice-chairman and MD. The response from the Company is awaited.
TORNTPOWER · price
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The stock exchange (NSE) has asked Torrent Power to clarify a recent media report headlined 'Torrent Power bets ₹1 lakh crore on energy, builds new B2C platforms,' attributed to Jinal Mehta, Vice-Chairman and Managing Director. The news item suggests the company is making a major capital commitment of ₹1 lakh crore toward the energy sector and is developing new business-to-consumer platforms. The exchange has sought an official clarification from the company regarding the contents and accuracy of this news report. As of this announcement, Torrent Power has not yet submitted its response to the exchange.
This is a procedural step where the exchange is asking the company to confirm or clarify media claims before they are treated as official communication. Shareholders should wait for the company's formal response, which will clarify whether the ₹1 lakh crore figure and B2C platform plans are accurate. In the short term, the stock may see some volatility until the clarification is provided.