The company has maintained a solid dividend payout of 48.4 percent.
torrent power limited, a leading Indian power utility, is embarking on an innovative Green Hydrogen pilot project. By blending approximately 2.5% green hydrogen with natural gas in the city's gas distribution network, Torrent Power reaches a crucial milestone on its journey towards sustainable energy solutions.
The use of electrolysis with renewable energy to produce GH2 allows a gradual shift towards a greener energy mix. Torrent Gas' ambitious Gorakhpur-based pilot project represents a major private sector effort to blend GH2 with natural gas in India.
Torrent has embarked on a transformational journey by integrating GH2 into its business and aspires to become a leading GH2 end-to-end solution provider to India's industrial and commercial sectors. The company also envisions the development of export-oriented green ammonia, expanding its presence in several states.
With an installed power generation capacity of approximately 4.1 GW, Torrent Power prioritizes clean energy sources such as gas and renewable energy, including solar and wind power. In addition, the company is actively developing around 0.7 GW of renewable capacity, aligning with the government's sustainability goals and renewable energy targets. Torrent Power is also exploring innovative avenues such as pumped hydro energy storage and green hydrogen for a greener future.
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Torrent Power Ltd is India's leading integrated power utility with operations in power generation, transmission and distribution. It operates in the states of Gujarat, Maharashtra, Uttar Pradesh and Karnataka. The company has maintained a strong dividend payment of 48.4 percent.
On Tuesday, shares of Torrent Power plunged more than 2.26 percent. The intraday high and low are Rs 616.70 per share and Rs 588.75 per share, respectively, on BSE. In the past three years, the company has generated returns of more than 80 percent. Investors should keep a close eye on this trending stock.
