Torrent Power sets up subsidiary for renewable energy projects
Author: PPD Team Date: February 24, 2025
Torrent Green Energy Private Limited (TGEPL), a wholly owned subsidiary of Torrent Power Limited (TPL), has incorporated a new wholly owned subsidiary, Torrent Urja 30 Private Limited (TU30), for the implementation of renewable energy (RE) power projects in India on February 19, 2025.
The newly formed entity will engage in power generation, transmission, distribution, purchase, procurement, sale, trading, import, export, power storage, green hydrogen, and its derivatives such as ammonia, along with other renewable energy sources.
Torrent Power, through TGEPL, has invested Rs 500,000 in the subsidiary by subscribing to 50,000 equity shares with a face value of Rs 10 each.
