Torrent Power Ltd SHARE PRICE [LIVE]

About TORNTPOWER

Today's live share price for Torrent Power Ltd is NSE: ₹ 487.20, BSE: ₹ 487.45 with a current market capitalization of .

Torrent Power Ltd is one of the leading brands in the Indian power sector. The company is engaged in generation, transmission and distribution of power. The company has a generation capacity of 1647.5 MW and distributes power to more than 3 million customers annually in Ahmedabad, Gandhinagar, Surat, Bhiwandi and Agra. Torrent Power Ltd was incorporated on April 29, 2004 as a private limited company with the name Torrent Power Trading Pvt Ltd. In January 25, 2006, the name of the company was changed to Torrent Power Private Ltd. In February 8, 2006, the company was converted into public limited company and the name was changed to Torrent Power Ltd. In the year 2006, as per the scheme of amalgamation, Torrent Power AEC Ltd, Torrent Power SEC Ltd and Torrent Power Generation Ltd were amalgamated with the company with effect from April 1, 2005. In July 28, 2006, the company divested their stake partially in AEC Cements & Constructions Ltd, a non-material and non-listed subsidiary and hence AEC Cements & Constructions Ltd ceased to be a subsidiary company. In October 19, 2006, Torrent Power Grid Ltd (erstwhile Torrent Power Transmission Pvt Ltd), a joint venture company with Power Grid Corporation of India Ltd became a subsidiary of the company. In December 20, 2006, the company signed a distribution franchise agreement with Maharashtra State Electricity Distribution Company Ltd for the Bhiwandi circle in Maharashtra for a period of ten years. In January 26, 2007, the company commenced Distribution Franchise for Bhiwandi circle of Maharashtra State Electricity Distribution Company Ltd catering to 1.4 lakh customers with an unrestricted demand of about 700 MW. In May 2007, the company signed a memorandum of understanding (MoU) with Gujarat Power Corporation for setting up over 1000-MW coal based power project at Pipavav, Amreli Dist in Gujarat. During the year 2007-08, the company added 321 Distribution Transformers of 11 kV at Ahmedabad, Gandhinagar and Surat. They also commissioned the first phase of 220 kV Transmission Lines project at Surat. In September 25, 2007, the company formed a subsidiary company, namely Torrent Pipavav Generation Ltd for the development of coal based thermal project. During the year 2008-09, the company added 352 Distribution Transformers of 11 kv at Ahmedabad, Gandhinagar and Surat. The company`s subsidiary, Torrent Power Grid Ltd, a joint venture with PGCIL, commissioned the first phase of evacuation arrangement by construction of 26 km Jhanor-Vapi LILO line. The company also installed and commissioned transmission lines to connect SUGEN plant with 220 kv Kim sub-station of GETCO. During the year, the company was awarded the Distribution Franchise to Agra and Kanpur Distribution Circles for a period of 20 years. In September 2008, the company formed Torrent Power Bhiwandi Ltd (formerly known as Torrent Power Distribution Services Ltd) as a subsidiary company for providing infrastructural and manpower support for Bhiwandi operations of the company. In October 2008, the company entered into a Power Purchase Agreement with Gujarat Paguthan Energy Corporation Pvt Ltd for supply of 49.6 MW wind power. Simultaneously, the company is also evaluating the establishment of their own wind and solar power generation. In March 2009, Torrent Energy Ltd became a subsidiary of the company, which is formed for setting up a 1500 MW gas based combined cycle power plant in Dahej SEZ. The company signed Fuel Supply Agreement (FSA) with South Eastern Coalfields Ltd, a subsidiary of Coal India Ltd, for meeting requirements of their coal based generating station at Sabarmati. The FSA is effective for a period of 5 years from April 1, 2009. In May 2009, the Uttar Pradesh Power Corporation Ltd (UPPCL) has entered into an agreement with the company for power distribution in Kanpur and Agra. During the year 2009-10, the company signed the shareholders` agreement with Gujarat Power Corporation Ltd for implementation of the 1000+ MW Coal-Based Power Project at Pipavav, Dist. Amreli, Gujarat. Torrent Power Grid Ltd, a subsidiary company commissioned the second phase of power transmission line (80 km. double circuit 400 kV transmission lines) i.e. Gandhar-Dehgam Loop in Loop out (LILO) at SUGEN to facilitate power supply from SUGEN to Ahmedabad. In August 15, 2009, the company fully commissioned their ambitious SUGEN Mega Power Project. In September 30, 2009, the company commissioned 1147.5 MW SUGEN Mega Power Project and was dedicated to the nation. The company was awarded the distribution franchise for Agra and Kanpur distribution circles for a period of 20 years. They commenced distribution operations at Agra from April 1, 2010.Torrent Energy Limited (TEL) became the Distribution Licensee for Dahej SEZ and in April 4, 2010, they commenced the distribution of power. During the year 2010-11, the company divested their shareholding from Torrent Power Bhiwandi Ltd (TPBL). TPBL, therefore, ceased to be a subsidiary of the company. The Company commenced distribution franchisee operations at Agra effective from April 1, 2010. The company forayed into the thrust area of renewable energy by conceptualizing the 44 MW wind power generation project. They signed an agreement with Enercon (India) Ltd to commission this project at Lalpur, District Jamnagar, Gujarat. The company signed an MoU with the Government of Uttar Pradesh for development of 1,320 MW Coal Based Power Plant at Sandila, Dist. Hardoi, Uttar Pradesh which is in its initial stage of development. The company is developing their brown field project, the 382.5 MW gas based combined cycle power plant adjacent to the existing SUGEN plant, for which the EPC Contract has been awarded to Siemens. The project has received MEGA Power Project status from the Ministry of Power, environmental clearance from MoEF and connectivity approval from Central Transmission Utility. 36% of the EPC work has been completed and efforts are being made to commission the project before its scheduled date. This project is expected to meet 278 MW additional demand of Ahmedabad and Surat distribution. The company is implementing a 1200 megawatt gas based power project at Dahej in South Gujarat. The project, called the DGEN Power Project, is being implemented in a phased manner starting with a 400 megawatt first phase. The company is also in the process of expanding the capacity of its SUGEN plant near Surat.