NSE said no contracts will be available for trading in Firstsource Solutions and Torrent Power with effect from March 31, 2023, the first day of the April series.

Revenue/PAT are expected to grow 70%/27.1% YoY to INR64.1bn/INR4.7bn, led by higher power demand and increased earnings from LNG trading.

Reliance Industries, the Adani Group, state-owned NTPC, Torrent Power, Jindal Power, Hindustan Powerprojects, Sarda Energy & Minerals and Jindal India Thermal are among some 23 entities that have expressed interest in the company.

Market has definitely gone in an overbought zone, but still there is inherent strength witnessed on the daily chart. There is an Inverted Head and Shoulder pattern, which has a projected target of around 19,900-20,000 levels and after a short consolidation or correction can further regain strength.

Torrent Power Ltd., incorporated in the year 2004, is a Mid Cap company (having a market cap of Rs 24739.75 Crore) operating in Power sector.

The company has an aggregate installed generation capacity of 4,160 MW comprising 2,730 MW of gas-based capacity, 1,068 MW of renewable capacity and 362 MW of coal-based capacity.Further, renewable projects of 715 MW are under development, for which LOAs (letter of award) have been received and PPA (Power Purchase Agreement) has been executed

More than a dozen bidders including large Indian conglomerates such as Reliance Industries, Adani Power, Torrent Power, Jindal Power, Hindustan Powerprojects, Sarda Energy & Minerals and Jindal India Thermal, and bad loan aggregator Phoenix ARC have expressed interest in taking over the company.

“We believe Torrent Pharma is amongst the best in class with margin at the current level and business would continue to grow in terms of double digit revenue growth and that itself would generate a momentum which would improve the margin further. On the other hand, our last seven-eight years growth has been substantially driven through the acquisitions that we made.”

“We believe Torrent Pharma is amongst the best in class with margin at the current level and business would continue to grow in terms of double digit revenue growth and that itself would generate a momentum which would improve the margin further. On the other hand, our last seven-eight years growth has been substantially driven through the acquisitions that we made.”

“We believe Torrent Pharma is amongst the best in class with margin at the current level and business would continue to grow in terms of double digit revenue growth and that itself would generate a momentum which would improve the margin further. On the other hand, our last seven-eight years growth has been substantially driven through the acquisitions that we made.”

“We believe Torrent Pharma is amongst the best in class with margin at the current level and business would continue to grow in terms of double digit revenue growth and that itself would generate a momentum which would improve the margin further. On the other hand, our last seven-eight years growth has been substantially driven through the acquisitions that we made.”

“We believe Torrent Pharma is amongst the best in class with margin at the current level and business would continue to grow in terms of double digit revenue growth and that itself would generate a momentum which would improve the margin further. On the other hand, our last seven-eight years growth has been substantially driven through the acquisitions that we made.”

If Torrent bags the deal, it would be the largest power sector buyout for the Ahmedabad-based utilities group, which had also bid for Anil Ambani's Mumbai power distribution business but lost out to Adani in 2020.

​Total income also rose to Rs 6,618.62 crore in the quarter under review from Rs 3,135.23 crore in the same period a year ago.The company's board has approved the appointment of Varun Mehta as its whole-time director, liable to retire by rotation, for five years effective from August 8, 2022, subject to the approval of shareholders.

"Based on the Consolidated Report of the Scrutinizer, all Resolutions as set out in the Notice of 18th AGM have been duly approved by the Members with requisite majority," it said in a BSE filing.It sought approval for issuance of NCDs for up to an aggregate amount of Rs 2,000 crore, within the overall approved borrowing limit of the company.

During his tenure with Torrent Power, he has worked across different business segments of the company – namely Renewables, Thermal Generation and Distribution.

The consolidated net profit of the company stood at Rs 207.78 crore in the corresponding quarter of the previous fiscal.

Total income also rose to Rs 6,618.62 crore in the quarter under review from Rs 3,135.23 crore in the same period a year ago.The company's board has approved the appointment of Varun Mehta as its whole-time director, liable to retire by rotation, for five years effective from August 8, 2022, subject to approval of shareholders.

SKS Power Generation is undergoing a corporate insolvency and resolution process since April 2022

Supply cuts by Russia have set off panic in Europe, which is bidding up LNG prices and pulling cargoes from all directions to fill its storage ahead of winter when increased heating needs boost gas demand.

"At Torrent Power, Aman was involved at a challenging point in the business journey and was instrumental in bringing about a customer orientation transformation within the distribution business and also made noteworthy contributions in enhancing efficiency in operations," the company said.

Such approval shall be valid in respect of all offers and invitations for such NCDs to be made in one or more series / tranches, within 12 months from the date of passing of Special Resolution, it stated. The company will issue NCDs on on a private placement basis to identified investor classes.

The estimated cost of the project is Rs 2,600 crore, the company said. The estimated date of commissioning the project is 24 months from the date of execution of the PPA, Torrent Power said. The term of the PPA is 25 years from the scheduled commercial operation date at a tariff of 2.94 per kWh (kilowatt hour).

Torrent Power Ltd., incorporated in the year 2004, is a Mid Cap company (having a market cap of Rs 23290.69 Crore) operating in Power sector.

Vector Green portfolio includes 19 ground-mounted utility scale projects located across 8 states as well as 89 rooftop solar projects on 216 roofs across 7 states in India. An additional 90 MW of solar projects are under implementation in Gujarat. Vector Green had expanded its portfolio in 2019 by acquiring about 225 MW solar generation capacity from RattanIndia.

Torrent Power Ltd., incorporated in the year 2004, is a Mid Cap company (having a market cap of Rs 22576.97 Crore) operating in Power sector.

"Torrent Power completes acquisition of 50 MW Solar Power Plant from SkyPower Group pursuant to Securities Purchase Agreement with SkyPower Southeast Asia III Investments Ltd and SkyPower Southeast Asia Holdings 2 Ltd and Sunshakti Solar Power Projects Private Limited (SPV)," the company said in a statement.