Torrent Power Limited has informed the stock exchanges about the incorporation of multiple new subsidiaries under its wholly owned subsidiary, Torrent Green Energy Private Limited (TGEPL).
TGEPL incorporated Torrent Urja 32 Private Limited (TU32) as a wholly owned subsidiary on February 12, 2025, and received its Certificate of Incorporation from the Ministry of Corporate Affairs on February 21, 2025. The company officially received intimation about the incorporation on February 24, 2025.
The company stated that TU32 operates in the renewable energy sector, specifically focusing on electricity generation from non-conventional energy sources. The newly incorporated entity will engage in the production, processing, and trading of hydrogen and its derivatives, including ammonia and compressed natural gas. Additionally, TU32 will participate in power generation, transmission, distribution, and trading across various green and renewable energy segments.
The acquisition cost of TU32 stands at ₹5,00,000, comprising 50,000 equity shares of ₹10 each.
In a further push towards its renewable energy goals, TGEPL has also incorporated three additional special purpose vehicles (SPVs) on February 24, 2025:
Similar to TU32, these SPVs will focus on manufacturing, processing, refining, and trading hydrogen, ammonia, and related derivatives. They will also engage in power generation, distribution, and storage, contributing to India’s transition toward sustainable and green energy solutions.
Torrent Power has been actively investing in renewable energy projects to support India’s green energy goals. The establishment of these subsidiaries is expected to enhance the company’s capabilities in hydrogen energy while strengthening its portfolio in clean power generation.
On February 25, 2025, Torrent Power share price opened at ₹1,300.10, touching the day’s high at ₹1,321.55, as of 9:44 AM on the NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 25, 2025, 10:03 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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