Torrent Power Limited shares surged

Torrent Power Limited’s shares rose nearly 4 percent to Rs 1,190 in the morning trade on February 28 following the company’s announcement of securing a project for transporting power from renewable energy initiatives in Solapur, Maharashtra. This marks the company’s entry into the transmission segment.

The project aims to facilitate the evacuation of 1,500 MW of renewable energy from Solapur and involves the installation of a transmission line spanning approximately 44 kilometers from the current Solapur substation.

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