SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Torrent Power receives LoI from PFC Consulting

28 Feb 2024 Evaluate

Torrent Power has emerged as the Successful Bidder and has received Letter of Intent (LoI) from PFC Consulting on February 27, 2024 for Establishment of Inter-state transmission scheme ‘Transmission System for Evacuation of Power from RE Projects in Solapur (1,500 MW) SEZ in Maharashtra’ under Tariff Based Competitive Bidding (TBCB) Process.

The project has been conceived to evacuate Renewable energy with a capacity of 1,500 MW from Solapur and entails the setting up of a transmission line of approximate 44 kms from existing Solapur substation of PGCIL to Solapur substation (to be established by Torrent Power).

In due course, PFC consulting will transfer the project SPV to Torrent Power. While Torrent Power owns and operates Transmission projects; the award of this project marks Torrent Power’s foray into the development of Transmission projects under the TBCB framework.

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

1467.50 23.55 (1.63%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 380.30
Tata Power 399.50
Adani Power 175.70
Power Grid Corp 302.60
Torrent Power 1467.50
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×