Torrent Power's revenue from operations grew by 21 per cent to Rs 3,744 crore for Q4 of FY22 as against Rs 3,084 crore in Q4 of FY21
India's power consumption has grown steadily at 4.6% YoY in March to 126.12 billion units, showing the impact of early onset of summers and easing of lockdown restrictions by states.
The plant in Maharashtra has a long-term PPA with Solar Energy Corp of India for full capacity for a period of 25 years at a tariff of Rs 4.43/ kWh
Impact on JSW Energy, Torrent Power the highest due to sharp rise in fuel costs
Banking shares may see some action after four banks hiked deposit rates in the last one week, an indication that the interest rate cycle has turned amid uptick in loan demand.
Unit has long-term PPA in place with Gujarat Urja Vikas Nigam Limited for a period of 25 years
Consolidated revenues from operations up 28% to Rs 3,767.43 crore in Q3 of FY22