Torrent Power Bags Deal To Set Up Solar Power Plant, Stock Edges Higher

Torrent Power Bags Deal To Set Up Solar Power Plant, Stock Edges Higher [ad_1]

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Torrent Power Bags Deal To Set Up Solar Power Plant, Stock Edges Higher

Share value of Torrent Power gained greater than two per cent on Friday, April 23, a day after the corporate bagged a Rs 1,250 crore deal to arrange a solar energy plant in Gujarat. On Friday, Torrent Power opened at Rs 397.50 on the BSE, touching an intra day excessive of Rs 397.50 and an intra day low of Rs 384.75, within the buying and selling session to this point. According to a regulatory submitting by the corporate to the BSE, Torrent Power received a long-term energy buy association or PPA for 300 MW capability of solar energy technology in Gujarat.

According to the assertion, the settlement time period is for a interval of 25 years from the scheduled date of business operation. The energy buy settlement tariff is Rs 2.22 per kWh. The estimated price of the mission is Rs 1,250 crore, and the estimated date of commissioning is eighteen months from the date of the ability buy settlement.

On the BSE, Torrent Power was final buying and selling 2.62 per cent larger at Rs 394.20. On the NSE, Torrent Power opened at Rs 386, touching an intra day excessive of Rs 395.90 and an intra day low of Rs 384.05. It was final buying and selling 2.41 per cent larger at Rs 393.50 on the NSE. 

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