Torrent Power Share Price Rises Amid Market Crash After Securing ₹2,650 Cr Wind Project

Market Performance

On a day when the broader market experienced a significant downturn, Torrent Power's share price defied the trend and ended the day higher.

• Opening Price: ₹1,399.45 on the BSE
• Intraday High: ₹1,419
• Day's Gain: Nearly 1.5%
• Sensex Movement: Declined over 1%

Despite weak market sentiment, Torrent Power's share price moved up, driven by a major project announcement in the renewable energy sector.

Main News: Major Wind Project Win Boosts Torrent Power

Torrent Power Limited announced a significant development post-market hours on thursday 12. Its wholly owned subsidiary, Torrent Green Energy Pvt Ltd, secured a Letter of Award from the Solar Energy Corporation of India (SECI).

• Project Type: Wind Power Project (300 MW)
• Under: Wind Tranche-XVIII
• Issuing Authority: SECI
• Award Date: June 11, 2025

This award marks a strategic addition to the company's green energy initiatives, reinforcing its position in the renewable sector.

Company Details and Project Highlights

The new wind power project aligns with Torrent Power's goal to expand its renewable footprint across India.

• Tariff Finalized: ₹3.97 per unit
• Expected Commissioning: Within 24 months after PPA execution
• Estimated Investment: ₹2,650 Crore
• Transmission Mode: ISTS (Inter-State Transmission System)

The project, secured through a competitive bidding process, is expected to boost the company's future power capacity significantly.

Renewable Capacity Update

With this latest order, Torrent Power's renewable capacity under development now stands at:

• Total Capacity Under Development: 3.3 GWp

This signals the company's firm commitment to sustainability and energy transformation.

Summary of the Article

Torrent Power's share price gained momentum on Friday despite the broader market's dip. The uptrend was triggered by the company's announcement of a major wind energy project win worth ₹2,650 Crore. Awarded by SECI, the 300 MW project will be developed by its subsidiary under Wind Tranche-XVIII. The renewable energy initiative not only strengthens Torrent Power's green portfolio but also brings its total renewable capacity under development to 3.3 GWp. The project is expected to be commissioned two years after the execution of the Power Purchase Agreement.