Torrent Power
Torrent Power set to acquire 51 per cent stake in DNH&DD discom
- Mar 16, 2022
Torrent Power has entered into formal agreements to acquire 51 per cent equity stake in the special purpose vehicle “Dadra & Nagar Haveli and Daman & Diu Power Distribution Corporation Ltd”. With this, Torrent Power is set to Read more
Torrent Power sees lower T&D losses in FY22
- Feb 7, 2022
Torrent Power has reported lower T&D losses in all its licensed and franchised distribution areas, according to a company presentation filed on stock exchanges. In the Ahmedabad licensed area, the largest in terms of peak demand in Torrent Power’s Read more
Cabinet approves formation of “DNH-DD Power Distribution Corporation Ltd”
- Nov 25, 2021
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the formation of a special purpose vehicle to privatize electricity distribution business in the Union Territory of Dadra & Nagar Haveli and Daman & Diu. Accordingly, the formation Read more
Torrent Power cuts T&D losses across its distribution areas
- Oct 29, 2021
Torrent Power has reported a significant drop in T&D losses in the second quarter (July to September) of FY22, across its distribution licensee and franchisee business. In an investor presentation filed on stock exchanges, Torrent Power, Read more
Torrent Power to acquire CESC’s wind power assets aggregating 156 mw
- Sep 22, 2021
Torrent Power has signed a share purchase agreement to acquire full shareholding of Surya Vidyut Ltd (SVL) that owns wind power assets worth 156 mw. Surya Vidyut is part of the CESC Group. The agreement has been entered into Read more
Torrent Power cuts T&D losses in Q1 of FY22
- Aug 10, 2021
Torrent Power has seen significant reduction in T&D losses across its licensed and franchised distribution areas, during the first quarter of FY22. In an investor presentation, Torrent Power said that T&D losses in both its licensed Read more
Privatization of power distribution in DNH & DD: Supreme Court stays Bombay HC order
- Jul 14, 2021
Torrent Power, in a stock exchange filing, communicated that the Supreme Court of India has issued a stay on a Bombay High Court interim order regarding privatization of power distribution in the Union Territory of Dadra Nagar Haveli Read more
Torrent Power records slightly higher T&D losses in FY21
- May 21, 2021
Though Torrent Power did well to contain T&D losses in its licensed and franchised areas in FY21, the performance could match up with FY20. In the Surat, Ahmedabad and Gandhinaagar areas in Gujarat, composite T&D losses during FY21 were Read more
Power distribution privatization of DNH & DD: Bombay High Court suspends tender
- Mar 4, 2021
Torrent Power has informed that the Bombay High Court has suspended the tender process in the wake of a PIL case filed before the court, until further orders in the matter. Torrent Power, it may be recalled, emerged as Read more
Torrent Power to invest Rs.150 crore in new Maharashtra franchise
- Nov 6, 2020
Torrent Power expects to invest Rs.150 crore in the Shil-Mumbra-Kalwa franchise area in Maharashtra. These subdivisions were handed over to Torrent Power, under the distribution franchisee model, on March 1, 2020. This investment of Rs.150 crore will be made Read more