Shares of Torrent Power jumped 8% on Monday to hit the day’s high of Rs 1,249.50 on the NSE following a Rs 3,650 crore order for setting up 300 MW (RE Power) GridConnected wind-solar hybrid projects.
On Saturday, the company informed exchanges about receiving a ‘Letter of Award’ from Torrent Power Limited-Distribution Unit. The project will be commissioned within 24 months from the Power Purchase Agreement (PPA) and the contract will be valid for 25 years from the date of commissioning of the project.
