Power Sector

The Shell Group is a global group of energy and petrochemical companies with 83,000 employees in more than 70 countries.

The estimated consideration for the 15% stake shall be approximately USD 11.5 million (approx. Rs91.13 crore).

Consequent to Closing adjustments, Enterprise Value for this acquisition is ~Rs416 Crore.

NRSS XXXVI has three elements spreading across 153 km in the states of Uttarakhand, Rajasthan, and Haryana.

The acquisition through its 3 SPVs of additional revenues accruing to these SPVs on account of change in law aggregating to Rs304 crore.

The board has approved the scheme of amalgamation of wholly-owned subsidiary Chloride Power Systems and Solutions with the parent company.

In its recent regulatory filing, the company has informed that it has acquired 98,33,754 equity shares.

It has a long-term Power Purchase Agreement with Solar Energy Corporation of India Limited for full capacity for a period of 25 years.

EPMPL is undergoing insolvency resolution under the Insolvency and Bankruptcy Code.

This acquisition initiates Torrent's renewable energy “presence in the States of Rajasthan and Madhya Pradesh.