Shares of Torrent Power hit a new high of Rs 1,288.45, rallying nearly 13 per cent on the BSE in Monday’s intraday trade, after the company was awarded a 306 MW solar project in Maharashtra.
At 10:16 am, the stock of the integrated power utilities company was quoting 12 per cent higher at Rs 1,283, as compared to a 0.32 per cent decline in the S&P BSE Sensex. In the past eight months, the market price of the company has zoomed 107 per cent.
In an exchange filing last week, Torrent Power had said that the company has emerged as a successful bidder and has received letter of award (LOA)
