Torrent Power, a major player in India’s power sector, reported a 12% increase in consolidated net profit for Q2, reaching Rs 543 crore, attributed to higher revenues. The company’s total income rose to Rs 7,069.11 crore during the quarter. Factors contributing to improved performance include increased contribution from merchant power sales in gas-based plants, growth in licensed distribution businesses, higher renewable capacity utilization, and reduced tax expenses. With a diverse presence across the power value chain, Torrent Power is a key player with 4,287 MW of installed generation capacity and ongoing renewable projects.
Torrent Power Records 12% Rise in Q2 Net Profit, Reaches Rs 543 Crore
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