Torrent Power shares jumped more than 6% in the morning trade. The share is higher for the 2nd day after the company committed to investing Rs 64,200 cr in renewable energy projects.
Torrent Power Limited, headquartered in Ahmedabad, committed Rs 64,200 crore to the Union Ministry of New and Renewable Energy through two “shapath patra” during the fourth Global RE-INVEST Conference in Gandhinagar on Monday.
After signing an MoU with the Gujarat government to establish a solar, wind, or solar-wind hybrid project of 5GW capacity at Devbhumi Dwarka, the Torrent Group’s power arm committed to installing 10 Gigawatt (GW) of renewable energy (RE) capacity by 2030 with an investment of Rs 57,000 crore.
As of 9:40 am, Torrent Power shares were trading 6.05% higher at Rs 1,888.55 on the NSE.
