He wind project has been awarded to suzlon turnkey at a site in Karnataka and is scheduled to be commissioned in March 2025.
"Torrent has experience working with Suzlon in the past for its wind projects and has technically preferred Suzlon for the 300 MW project based on its latest and most efficient 3 MW wind turbine generators with a rotor diameter of 144 meters." the company said in a statement. Press release.
Torrent Power currently has an aggregate installed generation capacity of 4.1 GW, consisting largely of clean generation sources such as gas (2.7 GW) and renewables (1.07 GW). It also has a capacity of 0.4 GW of Renewable Generation plants under development in addition to the 300 MW Wind Project that has just been awarded.
"In line with its sustainability commitments and the Government's goal of reaching 500 GW of non-fossil fuel capacity by 2030, Torrent's growth focus on power generation remains on renewables as it continues to add more capacity to its portfolio. With a balanced wind and solar portfolio, it is also working on other green energy avenues of pumped hydro and green hydrogen," the company said in a press release.
Torrent Power, with a turnover of around Rs. 25000 Crores, is the integrated energy company of the diversified Torrent Group with group revenues of approx. Rs 37,000 Cr and a market capitalization of Rs 75,000 crore. It is one of the largest companies in the country's electricity sector with a presence throughout the value chain of energy generation, transmission and distribution.
The company bond was trading at Rs 551.70, 3.16% higher than the BSE on Wednesday afternoon. The benchmark Sensex index was trading 0.20% lower.
