As Torrent Power wins Rs 3,650 crore in wind and solar projects, its shares soar by 7%.
Commissioning is expected within 24 months from the PPA.
The project will add 300 MW capacity with a 25-year contract period.
Torrent Power shares surged 7% on winning Rs 3,650 crore wind-solar projects.
The ratio of wind to solar capacity is maintained at 2:1.
Capacity utilisation factor (CUF) not to fall below 50% annually.
The tariff is set at Rs 3.65/kWh for the project.
Company Details Shares reached a 52-week high at Rs 1,287.50.
A recent solar project win worth Rs 1,540 crore also boosted company shares.
Contributes to Torrent Power's renewable energy portfolio.
Part of Mukhya Mantri Saur Krushi Vahini Yojana 2.0 scheme.
Maharashtra State Electricity Distribution Company Awards 306 MW Solar Power Project.
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