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Torrent Power Limited ( (IN:TORNTPOWER) ) has provided an announcement.
Torrent Power Limited has received a Letter of Award from MP Power Management Company Limited for the development of a 1,600 MW coal-based thermal power project in Madhya Pradesh. This project, which will use Ultra Supercritical technology, is expected to generate significant annual revenue and strengthen Torrent Power’s position in the domestic energy market. The contract spans 25 years, with a project cost of approximately Rs. 22,000 crore, and is part of the SHAKTI policy initiative, ensuring a steady supply of coal for the power station.
More about Torrent Power Limited
Torrent Power Limited operates in the energy sector, focusing on the generation, transmission, and distribution of electricity. The company is involved in both renewable and non-renewable energy projects, with a significant presence in the Indian power market.
Average Trading Volume: 22,755
Technical Sentiment Signal: Hold
Current Market Cap: 618.8B INR
See more data about TORNTPOWER stock on TipRanks’ Stock Analysis page.