Torrent Power Ltd. has received a Letter of Award for its 300 MW wind power project, marking a significant step in its renewable energy expansion. The project, valued at ₹26.50 billion, will be developed under a 25year power purchase agreement (PPA), ensuring longterm sustainability.
	 
	Key Highlights:
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		Project Scale: Torrent Green Energy will oversee the 300 MW wind project, reinforcing its commitment to clean energy.
 
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		Investment Size: The project is estimated to cost ₹26.50 billion, reflecting Torrent’s aggressive push into renewables.
 
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		Tariff Structure: The awarded project will operate at a tariff of ₹3.65/kWh, ensuring competitive pricing.
 
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		Market Impact: Torrent Power’s stock surged 7.61%, signaling investor confidence in its green energy strategy.
 
	Outlook:
	 
	With India’s renewable energy targets gaining momentum, Torrent Power’s latest project strengthens its position in the sector. The company is expected to accelerate its clean energy investments, aligning with India’s netzero goals.
	 
	Sources: Business Today, Tickertape