Gujarat state discom GUVNL acquires 7.28% stake in Torrent Power
The Gujarat government has an equity holding of 1.47% in Torrent Power, while the Gujarat State Financial Services Ltd. has 9.75%.
Electricity regulation board Gujarat Urja Vikas Nigam (GUVNL) acquired a nearly 7.3% stake in Torrent Power, the integrated power utility of the diversified Torrent Group, an exchange filing.
The Gujarat government has an equity holding of 1.47% in Torrent Power, while the Gujarat State Financial Services Ltd. has 9.75%.
As one of India’s leading power sector companies, Torrent Power, with a market capitalization of Rs 27,183 crore and part of the Rs 41,000-crore Torrent Group, operates across the entire power value chain, including generation, transmission, and distribution.
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The company distributes nearly 30 billion units to over 4.13 million customers in Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera SIR in Gujarat, Union Territory of Dadra and Nagar Haveli and Daman and Diu (DNH & DD); Bhiwandi, Shil, Mumbra and Kalwa in Maharashtra and Agra in Uttar Pradesh.
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