http://www.torrentpower.com/
Torrent Power Limited (BSE: 532779, NSE: TORNTPOWR) is an India-based company engaged in the electricity generation, transmission and distribution. Its current operations are in the states of Gujarat and Maharashtra. It is expanding into Uttar Pradesh starting 15 August 2009.
The company is the sole distributor of electricity to consumers in the cities of Ahmedabad, Gandhinagar and Surat.
In 1997, the company received clearance from the Foreign Investment Promotion Board to issue preferential shares to US based MNC Investment Corporation for Rs. 400 Crore to help fund its acquisition of the Ahemdabad Electricity Company by purchasing the entire 28.89% stake held by the Gujarat government. This acquisition formed what was then known as Torrent Power AEC Limited. Similarly, after acquiring the Surat Electricity Company in the same deal, Torrent Power SEC Limited was formed.
In 2005, the parent company, Torrent Group floated the company Torrent Power Generation to further expand into the power business. In 2006, the three power-related companies of Torrent Group, Torrent Power AEC Ltd, Torrent Power SEC Ltd, and Torrent Power Generation Ltd were merged to form Torrent Power.
Torrent Power Limited (BSE: 532779, NSE: TORNTPOWR) is an India-based company engaged in the electricity generation, transmission and distribution. Its current operations are in the states of Gujarat and Maharashtra. It is expanding into Uttar Pradesh starting 15 August 2009.
The company is the sole distributor of electricity to consumers in the cities of Ahmedabad, Gandhinagar and Surat.
In 1997, the company received clearance from the Foreign Investment Promotion Board to issue preferential shares to US based MNC Investment Corporation for Rs. 400 Crore to help fund its acquisition of the Ahemdabad Electricity Company by purchasing the entire 28.89% stake held by the Gujarat government. This acquisition formed what was then known as Torrent Power AEC Limited. Similarly, after acquiring the Surat Electricity Company in the same deal, Torrent Power SEC Limited was formed.
In 2005, the parent company, Torrent Group floated the company Torrent Power Generation to further expand into the power business. In 2006, the three power-related companies of Torrent Group, Torrent Power AEC Ltd, Torrent Power SEC Ltd, and Torrent Power Generation Ltd were merged to form Torrent Power.