Torrent Power Limited has informed the Exchange regarding a press release dated Jun 12, 2025, titled "Torrent Wins 300 MW Wind Project, Boosting its Renewable Portfolio".
TORNTPOWER · price
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Torrent Green Energy Private Limited, a wholly owned subsidiary of Torrent Power, has won a 300 MW wind power project from Solar Energy Corporation of India (SECI) under the Wind Tranche-XVIII auction. The project will be set up at a tariff of ₹3.97 per unit and must be commissioned within 24 months of signing the power purchase agreement. The estimated investment for the project is about ₹2,650 Crores. With this win, Torrent's renewable capacity under development rises to 3.3 GWp, supporting the company's growth strategy in clean energy. Torrent Power is an integrated power utility with an installed generation capacity of 4,838 MWp and a market presence across generation, transmission, and distribution in India.
Positive for shareholders — the order strengthens Torrent's renewable portfolio and adds a sizeable ₹2,650 Crore project, aligning with India's 500 GW non-fossil target. The 24-month execution window and competitive tariff suggest healthy project economics, supporting long-term earnings visibility.