Torrent Power has entered into Share Purchase Agreement (SPA) for acquisition of 100% Equity Share Capital of the MSKVY Ninth Solar SPV from the seller. The acquisition is undertaken as part of the process prescribed under the RFS under which the Company has bid and won 306 MW solar project in Nasik, Maharashtra. The said solar project would be implemented by the Company through this SPV. The equity shares are acquired at a cost of Rs 50 lakh as provided under the RFS.
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.
