Torrent Power share price jumps 7% on plans to set up 1,600 MW plant worth ₹22,000 crore
Published on 01/09/2025 10:02 AM
Torrent Power share price surged by 7% during Monday's trading session after it received a letter of award from MP Power Management Company for supplying electricity from its upcoming 1,600 MW coal-based facility, which will involve an investment of ₹22,000 crore.
The company announced that the Letter of Award (LoA) was issued following its participation in the competitive bidding process managed by MPPMCL, with a tariff set at ₹5.829/kWh. This initiative represents an investment of around ₹22,000 crore and will mark the Torrent Group's largest financial commitment in the power sector to date.
(more to come)
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