Torrent Power surges 11%, hits new high on robust June quarter earnings

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Torrent Power surges 11%, hits new high on robust June quarter earnings - Business Standard

Quick Summary:

The Government has announced ambitious targets for the clean energy segment together with a robust framework for growth to facilitate integration of higher share of renewables in the grid."The company already has ~1.2 GWp of operational and about 3 GWp under construction renewable capacity.

Considering the projected electricity demand compared to the current power supply position, thermal power plants are expected to operate at higher Plant Load Factor (PLF).

In the past one year, the Torrent Power share price has more-than-doubled as it zoomed 161 per cent.