Torrent Power Limited — Important, 19-02-2025: General Updates

Torrent Power has incorporated a new wholly-owned subsidiary named Torrent Urja 30 Private Limited (TU30) through its existing subsidiary, Torrent Green Energy Private Limited (TGEPL). TU30 has an authorized and paid-up share capital of ₹5,00,000 but is yet to commence business operations. The subsidiary is positioned to engage in the electricity generation from renewable energy, focusing on hydrogen and its derivatives, along with the trading and distribution of power. The investment amounted to ₹5,00,000 for the acquisition of 50,000 equity shares. This move strengthens Torrent Power’s commitment to expanding its footprint in the renewable energy sector, aligning with the growing demand for clean energy solutions. Shareholders should watch closely for future developments as this initiative could enhance the company's sustainability profile and growth potential.