torrent power it is currently trading at Rs. 655.00, up 43.35 points or 7.09% from its previous close of Rs. 611.65 on the BSE.
The voucher was opened at Rs. 634.35 and has hit a high and low of Rs. 666.00 and Rs. 630.00 respectively. So far 61619 shares have been traded on the counter.
EEB's group 'A' shares of par value Rs. 10 has hit a 52-week high of Rs. 666.00 on June 7, 2023 and a 52-week low of Rs. 430.90 on 30-Jan-2023.
Torrent Power Last week, the highs and lows of the vouchers stood at Rs. 666.00 and Rs. 547.25 respectively. The current market capitalization of the company is Rs. 29396.93 crores.
The participation of promoters in the company stands at 53.57%, while Institutions and Non-Institutions hold 29.41% and 17.03% respectively.
Torrent Power has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra for the development of three 5,700 MW capacity Pumped Storage Hydroelectric Projects in the State of Maharashtra. The projects would involve an investment of around Rs. 27,000 crores and would employ around 13,500 people during the construction period. Torrent intends to execute these projects within a period of 5 years.
The projects would be implemented at three sites identified by Torrent, namely Karjat (3,000 MW) in Raigarh district, Maval (1,200 MW) and Junnar (1,500 MW) in Pune district. All sites are out of service and the projects are planned to provide a minimum of six hours of energy storage per day.
Torrent Power is an integrated utility company engaged in the business of power generation, transmission and distribution with operations in the states of Gujarat, Maharashtra and Uttar Pradesh.
