Torrent Power is presently trading at Rs. 263.00, up with the aid of 2.55 factors or 0.Ninety eight% from its previous remaining of Rs. 260.Forty five at the BSE.

The scrip opened at Rs. 263.50 and has touched a high and occasional of Rs. 264.Seventy five and Rs. 262.Seventy five respectively. So some distance 10467 shares have been traded at the counter.

The BSE organization ‘A’ inventory of face value Rs. 10 has touched a 52 week excessive of Rs. 306.Ninety five on 22-Jan-2018 and a 52 week low of Rs. 212.10 on 01-Oct-2018.

Last one week excessive and low of the scrip stood at Rs. 264.75 and Rs. 253.Ninety five respectively. The contemporary market cap of the company is Rs. 12517.Sixty six crore.

The promoters protecting within the company stood at fifty three.57%, even as Institutions and Non-Institutions held 25.34% and 21.10% respectively.

Torrent Power (TPL) has emerged as winner of the competitive bidding method performed by means of Maharashtra State Electricity Distribution Company (MSEDCL) for appointment of enter based Distribution Franchisee for distribution of strength in Shil, Mumbra & Kalwa sub-divisions below Thane Urban Circle, for a duration of twenty years.

MSEDCL has issued the Letter of Intent (LoI) to TPL and the Distribution Franchisee Agreement (DFA) with MSEDCL will be done in due course and operations are expected to be taken over quickly thereafter.