Last Updated: March 18, 2024, 12:34 IST
Shares of Torrent Power surged 7.6 per cent to Rs 1,249.25 per share on the BSE in Monday’s intraday commerce, in an in any other case risky market, on the again of Rs 3,650-crore mission win.
The mission may have a tariff of Rs 3.65/kwh, with a contract interval spanning 25 years. The mission was awarded by Torrent Power’s distribution unit.
The mission, which has a price of Rs 3,650 crore, can be commissioned inside 24 months from the facility buy settlement (PPA).
The annual capability utilisation issue (CUF) shall not be lower than 50 % for any of the 12 months in the course of the time period of the PPA and the rated energy capability of wind and photo voltaic shall be in ratio of two:1. “For meeting the 50 percent CUF requirement, the company plans to install 480 MW of wind and solar capacity against contracted capacity of 300 MW,” the corporate said.
Last week, the corporate bagged a photo voltaic mission price Rs 1,540. The order win had lifted shares of the corporate to a 52-week excessive of Rs 1,287.50.
The letter of award (LoA) was awarded by the Maharashtra State Electricity Distribution Company (MSEDCL) for the availability of 306 MW solar energy below Mukhya Mantri Saur Krushi Vahini Yojana 2.0 scheme for feeder stage solarisation below PM KUSUM Scheme.
