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The company was awarded the project through a competitive bidding process under SECI wind tranche V.
The integrated power utility company signed a power purchase agreement (PPA) for a period of 25 years with SECI which has a back-to-back power sale agreement (PSA) with the state of Haryana.
With the addition of 115 MW wind power, Torrent Power's installed renewable capacity has reached 1.18 GW and total generation to 4.2 GW. In addition, renewable capacity of 0.6 GW is under different stages of development.
In line with its sustainability commitments and the Government's aim to achieve 500 GW of non-fossil fuel capacity by 2030, Torrent's growth focus in power generation remains on renewables. With a balanced wind and solar portfolio, it is also working on other green energy pathways of pumped hydro and green hydrogen.
Torrent Power is a private sector integrated power utility engaged in the business of power generation, transmission and distribution.
Torrent Power posted consolidated net profit of Rs 483.93 crore in Q4 FY23 as against net loss of Rs 487.37 crore posted in Q4 FY22. Revenue from operations surged 61.28% year on year to Rs 6,037.87 crore in the quarter ended 31 March 2023.
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