May 15, 2023 CW team
Torrent Power has established a wholly owned subsidiary called Torrent Urja 14 (TU14) to carry out energy related businesses such as generation, transmission, distribution and trading of energy. According to a BSE presentation, TU14's goal is to engage in all forms of energy and electrical power, including non-conventional and renewable energy sources.
TU14 is wholly owned by Torrent Power and was incorporated in India on May 11, 2023 and registered with the Ahmedabad Register of Companies in Gujarat. However, the company has not yet started operations. The authorized and paid-up share capital of TU14 is Rs 0.1 crore, and Torrent Power owns 100 per cent of its capital.
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