Torrent Power Limited — Updates, 24-02-2025: Incorporation

Torrent Power Limited has announced a board meeting for the incorporation of a new step-down subsidiary, Torrent Urja 32 Private Limited (TU32). This wholly-owned subsidiary of Torrent Green Energy Private Limited was officially registered on February 12, 2025, with an authorized and paid-up share capital of ₹ 5,00,000. TU32 aims to engage in the manufacture and trade of hydrogen and its derivatives, alongside renewable energy generation. This strategic move aligns with Torrent's expansion into green energy, potentially enhancing its growth prospects and reinforcing its commitment to sustainable practices. Investors may view this as a positive outlook for future diversification into renewable energy markets.