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.

Torrent Power plans to install 480 MW capacity to meet the 50% CUF requirement.

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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