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Torrent Power completes acquisition of 50 MW solar power plant

25 Mar 2022 Evaluate

Torrent Power has, pursuant to Securities Purchase Agreement with Lightsource India and Lightsource Renewable Energy (India), completed transaction of acquisition of 100% of the share capital and all securities of LREHL Renewables India SPV 1 (SPV). The SPV operates 50 MW solar power plant, commissioned in April 2018, situated in the state of Maharashtra. It has a long-term Power Purchase Agreement with Solar Energy Corporation of India for full capacity for a period of 25 years at a tariff of Rs 4.43/ kWh. Enterprise value for this acquisition is around Rs 300 crore including the VGF receivable, consequent to closing adjustments.

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

1565.30 43.30 (2.84%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 393.65
Tata Power 427.45
Adani Power 198.40
Power Grid Corp 318.05
Torrent Power 1565.30
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