Torrent Power bags Rs2600 crore wind power project from SECI; Stock soars over 1%

15 Jul 2022 , 02:40 PM

Torrent Power Limited has informed to the exchanges that pursuant to competitive bidding process, Solar Energy Corporation of India Limited (SECI) has granted a Letter of Award to Torrent Power for Wind Power Project of 300 MW and confirming long-term Power Purchase Arrangement for the power generated from the proposed project.

According to the said filing, the estimated project cost is Rs2,600 crore and estimated date of commissioning is 24 months from the execution of PPA, the company said.

The company has operational capacity of 804.5 MW Wind Power and 263 MW Solar Power. The company has 415 MW Wind Power (including the aforementioned capacity) and 400 MW Solar Power under development.

At around 2:36 PM, Torrent Power was trading at Rs496.35 per share up by Rs6.8 or 1.39% from its previous closing of Rs489.55 on the BSE.