Shares of Torrent Power surged 7.6 per cent to Rs 1,249.25 per share on the BSE in Monday’s intraday trade, in an otherwise volatile market, on the back of Rs 3,650-crore project win.
At 11:05 AM, shares of the company were ruling 5 per cent higher at Rs 1,219 per share as against 0.07-per cent dip in the benchmark S&P BSE Sensex. The stock’s intraday high was close to its 52-week high level of Rs 1,288.45, hit on March 11, 2024.
On Friday, Torrent Power said that the company has received Letter of Award from Torrent Power Limited-Distribution Unit for setting up of 300 MW (RE Power) Grid Connected Wind Solar hybrid project.
