torrent-power

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SJVN, MEIL, Avaada Among Winners in Maharashtra’s 7.78 GW Solar KUSUM Tender

SJVN Green Energy (SJVN), Megha Engineering & Infrastructures (MEIL), and Avaada Energy were amongst the winners of MSEB Solar Agro Power’s (MSAPL) auction to...

March 14, 2024

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Satish Shetty

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Solar

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Tenders & Auctions
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Daily News Wrap-Up: Maharashtra’s 3 Million Residential Rooftop Solar Target

The Maharashtra State Electricity Distribution Company (MSEDCL) has prepared plans to install 3 million rooftop solar systems on houses in the state under the Pradhan...

February 29, 2024

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Staff

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Daily Wrap-up
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Torrent Secures ISTS Project to Evacuate 1.5 GW Renewables in Maharashtra

Gujarat-based power company Torrent Power has received the letter of intent from PFC Consulting for the establishment of an inter-state transmission system (ISTS) for...

February 28, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Daily News Wrap-Up: Solar’s Share in Renewable Capacity Rises to 40%

Solar power accounted for 16.9% of the total installed power capacity and 40.1% of the total installed renewable capacity at the end of December 2023. Solar power’s...

February 12, 2024

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Mercom Staff

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Daily Wrap-up
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Torrent Power’s Q3 Profit Falls 46% YoY to ₹3.74 Billion As Fuel Expenses Surge

Gujarat-based power company Torrent Power recorded a profit after tax (PAT) of  ₹3.74 billion (~$45.05 million) for the third quarter (Q3) of the financial year (FY)...

February 9, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Torrent Invites Bids to Procure 300 MW of Power from Wind-Solar Hybrid Projects

Gujarat-based power company Torrent Power has invited bids for the purchase of 300 MW of power from wind-solar hybrid energy projects, with a greenshoe option of up to...

January 25, 2024

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Gautamee Hazarika

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Renewable Energy

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Tenders and Auctions
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Torrent Power Records 9% YoY Increase in Profit in Q2 2023

Gujarat-based power company Torrent Power posted a total income of ₹5.3 billion (~$63.6 million) for the second quarter (Q2) of the financial year (FY) 2023-24, a...

November 9, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Torrent Power Records a 6% YoY Increase in Profit in Q1 FY2023

Gujarat-based power company Torrent Power posted a profit after tax of ₹5.32 billion (~$64.3 million) for the first quarter (Q1) of the financial year (FY) 2023-24, a...

August 11, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Daily News Wrap-Up: Torrent Power Allotted 6,000 Hectares of Land in Gujarat

Gujarat-based power company Torrent Power has disclosed its plans to achieve a 5 GW renewable energy portfolio over the next three to five years through inorganic...

June 21, 2023

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Rakesh Ranjan

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Daily Wrap-up
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Torrent Power Allocated 6,000 Hectares of Land in Gujarat for Renewable Projects

Gujarat-based power company Torrent Power has disclosed its plans to achieve a 5 GW renewable energy portfolio over the next three to five years through inorganic...

June 20, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Funding and M&A Roundup: Forge Nano Raises $50 Million for Battery Production Line

From: Mercom Capital Group Forge Nano, a provider of nanocoating technology for lithium-ion batteries, closed on $50 million in funding led by key investments from...

June 14, 2023

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Staff

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Finance and M&A

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Other
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Torrent Power Raises ₹6 Billion Via Non-Convertible Debentures

Gujarat-based power company Torrent Power has raised ₹6 billion (~$72.7 million) through the issuance of non-convertible debentures (NCD) on a private placement basis....

June 12, 2023

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Arjun Joshi

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Finance and M&A

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Other
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Daily News Wrap-Up: Top Solar Module Mounting Structure Suppliers in 2022

Purshotam Profiles, Goodluck India, and Strolar were the top three module mounting structure suppliers to the Indian solar market in the calendar year 2022. Raydean and...

May 31, 2023

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Mercom Staff

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Daily Wrap-up
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Torrent Power Swings to Profit in Q4 on Higher Generation and Power Demand

Gujarat-based power company Torrent Power posted a profit of ₹4.88 billion (~$58.97 million) for the fourth quarter (Q4) of the financial year (FY) 2022-23 against a...

May 30, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Daily News Wrap-Up: SECI Pays ₹7.3 Billion to Solar and Wind Developers

The Solar Energy Corporation of India has released ₹7.3 billion (~$88.6 million) in payments to solar and wind developers for the power purchased in December 2022. The...

February 16, 2023

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Mercom Staff

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Daily Wrap-up

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