Announced Wed, 7 Oct, 2026 · 18:44 IST
Torrent Power: 300 MW wind PPA with SECI terminated, Rs 39.78 cr damages payable
TORNTPOWER · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹1239.00
prior close
₹1231.40
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AI summary
Torrent Power's wholly owned subsidiary Torrent Saurya Urja 2 Private Limited has terminated its 300 MW wind power PPA with SECI, signed on May 4, 2023 after a July 2022 Letter of Award. The project was hit by force majeure events and delays in transmission connectivity and GNA operationalisation, pushing the scheduled commercial operation date beyond a reasonable timeframe. Liquidated damages of Rs 39.78 crore are payable under the contract.
Likely market impact
Removes 300 MW of planned wind capacity from the pipeline. The Rs 39.78 cr damages payout is small, but it highlights execution risks in the green energy business.