Torrent Power Limited is a company from India. The company’s primary industry areas include electricity generation, electricity distribution and electricity transmission. In the Bombay Stock Exchange (BSE) the business entity has been listed as 532779 and in the National Stock Exchange (NSE) it has been coined with the label TORNTPOWR after being established in the year 1996. The headquarters are situated at Ahmedabad, India. More than 5000 employees are supporting the operations of the company. The total revenue of the company is increasing at a high rate in the last few years along with the net income.
Currently the company is operating is three states. They are Gujarat, Maharashtra and Uttar Pradesh. It is expected that in the near future with Government support the business entity will spread its wings more wide.
Torrent Power Limited has an electricity generation capacity of more than 500 MW in the Ahmedabad area with a 100 MW dual fuel-based combined cycle power plant at Vatva & 400 MW coal-based thermal power station at Sabarmati. Torrent has four subsidiaries for its smooth functioning. They are:
1.Torrent Power Bhiwandi Limited
2.Torrent Power Grid Limited
3.Torrent Pipavav Generation Limited and
4.Torrent Energy Limited
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Buy Torrent Power with target of Rs 305 and stop loss of Rs 293, says Sudarshan Sukhani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 295.70, up 0.2% on the BSE.