iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Torrent Power to buy 25 MW solar plant in Gujarat

11 Feb 2022 , 08:48 AM

Visual Percept Solar Project operates 25 MW solar power in Gujarat. Torrent Power further said that the Long-term Power Purchase Agreement (PPA) for the project is with Gujarat Urja Vikas Nigam for a period of 25 years. The enterprise value estimated for the acquisition is Rs 163 crore, subject to closing price adjustments, if any. The acquisition is further subject to customary conditions for transaction closure, Torrent Power said in a press release.

Currently, equity shares in Visual Percept Solar Projects Private Limited are currently held by Blue Daimond Properties (55%) and Balrampur Chini Mills (45%).

Torrent Power currently has an aggregate installed generation capacity of about 3.9 GW, which consists largely of clean generation sources such as gas (2.7 GW) and renewables (0.8 GW).

Torrent Power is the integrated power utility of the Torrent Group and is one of the largest companies in the countrys power sector with presence across the entire power value chain of generation, transmission and distribution.

Shares of Torrent Power ended 1.12% lower at Rs 506.65 on Thursday.

Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.