Torrent Power sets 2 new subsidiaries

28 Apr 2023 , 06:02 AM

In order to conduct business in the power industry, including renewable energy, Torrent Power said on Thursday that it has incorporated two wholly-owned subsidiaries, Torrent Urja 9 Pvt Ltd (TU9) and Torrent Urja 13 Pvt Ltd (TU13). On April 26, 2023, the company ‘incorporated a WOS (wholly owned subsidiary)’ called ‘Torrent Urja 9 Private Limited’ (TU9), according to a BSE filing.

On April 26, 2023, TU9 was incorporated in India and registered with the Registrar of Companies, Gujarat in Ahmedabad. It has not yet started conducting business.

According to the statement, the TU9 is a fully owned subsidiary of the corporation.

The goal of TU9’s incorporation was to conduct business in the production, transmission, distribution, buying, selling, trading, importing, and exporting of all types of electrical power and energy, including unconventional and renewable sources.

With a paid-up share capital of Rs1,00,000, TU9 has 10,000 equity shares worth Rs. 10 apiece.

According to a different BSE filing, on April 26, 2023, the company established Torrent Urja 13 Private Limited as a wholly-owned subsidiary.

The goal of TU13’s incorporation was to conduct business in the production, transmission, distribution, buying, selling, trading, importing, and exporting of all types of electrical power and energy, including unconventional and renewable sources.

With a paid-up share capital of Rs1,00,000, TU13 has 10,000 equity shares, each worth Rs10.

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