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Torrent Power shines on getting nod from GERC for power procurement arrangement

26 Jun 2019 Evaluate

Torrent Power is currently trading at Rs. 281.75, up by 10.35 points or 3.80% from its previous closing of Rs. 272.05 on the BSE.

The scrip opened at Rs. 269.90 and has touched a high and low of Rs. 286.35 and Rs. 261.00 respectively. So far 269502 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 286.35 on 26-Jun-2019 and a 52 week low of Rs. 212.10 on 01-Oct-2018.

Last one week high and low of the scrip stood at Rs. 286.35 and Rs. 240.55 respectively. The current market cap of the company is Rs. 13572.62 crore.

The promoters holding in the company stood at 53.57%, while Institutions and Non-Institutions held 25.22% and 21.21% respectively.

Torrent Power has received an approval from Gujarat Electricity Regulatory Commission (GERC) for the power procurement arrangement of 278 MW between the company's UNOSUGEN Power Plant (capacity of 382.5 MW) and its Licensed Distribution Business for cities of Ahmedabad, Gandhinagar and Surat. The approval, with certain stipulations, is for the balance life of the plant i.e. 19 years.

Torrent Power is an integrated utility engaged in the business of power generation, transmission and distribution with operations in the states of Gujarat, Maharashtra and Uttar Pradesh.

Torrent Power Share Price

1606.00 40.70 (2.60%)
20-Apr-2026 15:28 View Price Chart
Peers
Company Name CMP
NTPC 397.80
Tata Power 433.30
Adani Power 199.75
Power Grid Corp 319.40
Torrent Power 1606.00
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