Torrent Power's shares rose 8% after winning a Rs 3,650-crore wind-solar hybrid project.

Torrent Power shares surged 8% to Rs 1,249.25 on Monday after the company won a Rs 3,650-crore project for setting up 300 MW of wind-solar hybrid projects. The project, awarded by Torrent Power's distribution unit, has a tariff of Rs 3.65/kwh and a contract period of 25 years. The annual capacity utilisation factor (CUF) will not be less than 50% for any year during the PPA term.

March 18, 2024
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