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Power Stock: Prime Minister Narendra Modi laid the foundation stone of 4 power projects in Uttar Pradesh, in which there will be an investment of about Rs 25,000 crore.
Torrent Power Share Price:
Prime Minister Narendra Modi on Monday (February 19) laid the foundation stone of 4 power projects in Uttar Pradesh, in which there will be an investment of about Rs 25,000 crore. Torrent Power is developing these projects. Torrent Group said in the statement that these projects are expected to provide direct and indirect employment to about 8,000 people in the state.
According to exchange filings
Torrent Group had signed a Memorandum of Understanding (MoU) with the state government for these projects during the Uttar Pradesh Global Investors Summit-2023 held in February 2023. The foundation stone laying ceremony of four projects of Torrent Group was part of the country’s biggest ‘Ground Breaking Ceremony (GBC 4.0)’ held in Lucknow on Monday (February 19). According to the statement, the Prime Minister laid the foundation stone of more than 14,000 projects in different sectors during this period. The projects were launched in the presence of Uttar Pradesh Governor Anandiben Patel, Chief Minister Yogi Adityanath, and Union Defense Minister Rajnath Singh.
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Torrent Power Projects Detail
Four projects of Torrent Group The four projects of Torrent Group include two Pumped Storage Hydro Projects in Sonbhadra district with a total capacity of 4,150 MW. Apart from this, a solar power plant with a capacity of 150 MW will be established in the Lalitpur district (Bundelkhand region), and a green hydrogen production facility in Gorakhpur.
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The total installed generation capacity of the company is 4,287 MW.
Let us tell you that Torrent Power, the ₹ 37,600 crores Torrent Group’s ₹ 25,694 crores integrated power utility, is one of the largest companies in the country’s power sector with a presence in the power generation value chain – generation, transmission, and distribution. Is one of. The total installed generation capacity of the company is 4,287 MW which includes 2,730 MW gas-based capacity, 1,195 MW renewable capacity, and 362 MW coal-based capacity.
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Torrent Power Share Price History
Multibagger Power Stock closed at 1179.75 on Monday (February 19) with a gain of 0.54 percent. The 52-week high of Torrent Power Share Price is 1,235.10 and the low is 485. The market cap of Power Stock is Rs 56,700.77 crore. Talking about the returns of Multibagger Power Stock, it has jumped by 20% in 1 month, 41% in 3 months, and more than 87% in 6 months. The stock has given a strong return of 133 percent in one year. Whereas in 3 years it has increased by more than 220 percent.