Torrent Power Limited has reported a net profit of Rs 9.96 billion for the quarter ended in June 2024, recording an increase of 87.22 per cent as compared to the net profit of Rs 5.32 billion recorded in the corresponding quarter of the previous year.
The company’s total income has increased by around 22.89 per cent to Rs 91.1 billion during the quarter ended in June 2024, up from Rs 74.13 billion recorded in the same period of the previous year.
In April 2024, Torrent Power won the tender auctioned by Torrent Power Distribution to set up 300 MW of wind-solar hybrid projects with a greenshoe option of 150 MW. The company’s winning quotation was Rs 3.65 per kwh. In February 2024, it inaugurated four clean energy projects in Uttar Pradesh. The projects have been set up with a total investment of approximately Rs 250 billion.
