Torrent Power Set Feb 12 As Record Date For Interim Dividend

The integrated power utility company Torrent Power Limited has set Feb 12, 2025, as the record date for its interim dividend for FY25. On February 04, 2025, Torrent Power declared an interim dividend of ₹14. The company further stated that the interim dividend be paid on March 06, 2025.

Torrent Power Record Date: What This Means For Shareholders?

As Torrent Power has set Feb 12 as the record date for its interim dividend, meaning that Feb 11, marks the last to buy Torrent Power shares to become eligible for the interim dividend. Further, any shares bought on or after Feb 12 (record date), won’t be eligible for the interim dividend.

Torrent Power Operational Performance

During Q3FY25, the company successfully completed its maiden equity raise through a Qualified Institutions Placement (QIP) of ₹3,500 crores (approximately USD 413.20 million). The offering received an overwhelming response from leading global and domestic investors. Additionally, the Company executed an Energy Storage Facility Agreement with MSEDCL to develop and supply 2,000 MW / 16,000 MWh of Pump Storage Hydro Power.

Further, the Company commissioned a 300 MW solar power project, which is backed by a Power Purchase Agreement (PPA) within its own distribution circle.

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