Torrent Power is currently trading at RS. 1290.00, marking an increase of 30.70 points or 2.44% from its previous close of RS. 1259.30 on the BSE.
The stock opened at RS. 1260.00 and recorded a high of RS. 1290.00 and a low of RS. 1252.40. A total of 15,401 shares have been traded so far.
The BSE Group 'A' stock, with a face value of RS. 10, reached its 52-week high of RS. 2037.35 on October 22, 2024, and a 52-week low of RS. 1065.00 on February 29, 2024. Over the past week, the stock's high and low were RS. 1279.00 and RS. 1207.20, respectively. The company's current market capitalization stands at RS. 64,444.22 crore.
In terms of ownership, promoters hold 51.09%, while institutions and non-institutions own 39.50% and 9.41%, respectively.
Meanwhile, Torrent Power’s subsidiary, Torrent Green Energy (TGEPL), has incorporated a new wholly-owned subsidiary, Torrent Urja 30 (TU30), on February 19, 2025. TU30, focused on renewable energy generation, is registered in Ahmedabad with an authorized and paid-up share capital of RS. 5 lakh. It has not yet commenced business operations.
TU30 is established to engage in hydrogen production, processing, storage, and trade, along with renewable power generation, transmission, and distribution, including hydrogen derivatives like ammonia and compressed natural gas.
Torrent Power operates as an integrated utility involved in power generation, transmission, and distribution across Gujarat, Maharashtra, and Uttar Pradesh.