Torrent Power Limited — Updates, 22-01-2025: Incorporation

Torrent Power has announced a board meeting to discuss the incorporation of a new step-down subsidiary, Torrent Urja 28 Private Limited (TU28), under its wholly owned subsidiary, Torrent Green Energy Private Limited (TGEPL). TU28 has been incorporated with an authorized and paid-up share capital of ₹5,00,000, although it has not yet commenced operations. The new subsidiary aims to engage in the manufacture and trade of hydrogen and renewable energy sources. This development underscores Torrent Power's strategic focus on diversifying into the renewable energy sector, potentially enhancing long-term growth prospects, which may positively influence investor sentiment.