Latest news with #TorrentPowerLtd
Time of India
5 days ago
- Business
- Time of India
Torrent likely in talks to buy L&T's power unit for $1 bn
Torrent Power Ltd. is in talks to buy the thermal business unit of Larsen & Toubro Ltd. for about $1 billion including debt, according to people with knowledge of the matter. Both companies are working with advisers on the potential transaction, the people said, asking not to be identified because the deliberations are private. A disposal would help L&T raise cash to reduce its debt, the people said. Deliberations are ongoing and details of the potential transaction may change, the people said, adding that talks could also fall apart and other bidders might emerge. A representative for L&T declined to comment, while Torrent Power didn't immediately respond to a request seeking comment. L&T has been evaluating selling its thermal unit to focus on its core engineering and construction business. The company held talks in 2021 to merge the asset with the Indian arm of Singapore-based Sembcorp Industries Ltd., Bloomberg News reported at the time. Torrent Power, owned by Ahmedabad-based conglomerate Torrent Group, offers services including power generation, transmission, distribution, as well as manufacturing and supply of power cables, according to its website. Shares of Torrent Power have dropped around 9per cent in Mumbai this year, giving the company a market value of nearly $8 billion.
Time of India
5 days ago
- Business
- Time of India
Torrent is said in talks to buy L&T's power unit for $1 Bn
Torrent Power Ltd. is in talks to buy the thermal business unit of Larsen & Toubro Ltd. for about $1 billion including debt, according to people with knowledge of the matter. Both companies are working with advisers on the potential transaction, the people said, asking not to be identified because the deliberations are private. A disposal would help L&T raise cash to reduce its debt, the people said. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity Leadership Product Management Public Policy PGDM Degree Data Science Operations Management MCA healthcare Data Science Artificial Intelligence Technology Digital Marketing CXO Finance Design Thinking MBA others Data Analytics Healthcare Project Management Management Others Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details Deliberations are ongoing and details of the potential transaction may change, the people said, adding that talks could also fall apart and other bidders might emerge. A representative for L&T declined to comment, while Torrent Power didn't immediately respond to a request seeking comment. L&T has been evaluating selling its thermal unit to focus on its core engineering and construction business. The company held talks in 2021 to merge the asset with the Indian arm of Singapore-based Sembcorp Industries Ltd., Bloomberg News reported at the time. Live Events Torrent Power, owned by Ahmedabad-based conglomerate Torrent Group, offers services including power generation, transmission, distribution, as well as manufacturing and supply of power cables, according to its website. Shares of Torrent Power have dropped around 9% in Mumbai this year, giving the company a market value of nearly $8 billion.
Business Standard
26-06-2025
- Business
- Business Standard
Torrent Power Ltd spurts 0.51%, up for fifth straight session
Torrent Power Ltd is quoting at Rs 1469.4, up 0.51% on the day as on 12:44 IST on the NSE. The stock is down 3.28% in last one year as compared to a 5.65% jump in NIFTY and a 12.85% jump in the Nifty Energy. Torrent Power Ltd is up for a fifth straight session today. The stock is quoting at Rs 1469.4, up 0.51% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.62% on the day, quoting at 25402.2. The Sensex is at 83287.99, up 0.64%. Torrent Power Ltd has gained around 3.09% in last one month. Meanwhile, Nifty Energy index of which Torrent Power Ltd is a constituent, has gained around 0.42% in last one month and is currently quoting at 35820.55, up 0.59% on the day. The volume in the stock stood at 2.31 lakh shares today, compared to the daily average of 5.67 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1469.5, up 0.44% on the day. Torrent Power Ltd is down 3.28% in last one year as compared to a 5.65% jump in NIFTY and a 12.85% jump in the Nifty Energy index.
Business Standard
24-06-2025
- Business
- Business Standard
Torrent Power Ltd up for third straight session
Torrent Power Ltd is quoting at Rs 1448.6, up 2.25% on the day as on 12:49 IST on the NSE. The stock is down 4.25% in last one year as compared to a 6.4% spurt in NIFTY and a 10.95% spurt in the Nifty Energy index. Torrent Power Ltd gained for a third straight session today. The stock is quoting at Rs 1448.6, up 2.25% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.07% on the day, quoting at 25239.9. The Sensex is at 82763.96, up 1.06%. Torrent Power Ltd has risen around 1.58% in last one month. Meanwhile, Nifty Energy index of which Torrent Power Ltd is a constituent, has risen around 0.1% in last one month and is currently quoting at 35608.95, up 0.67% on the day. The volume in the stock stood at 3.48 lakh shares today, compared to the daily average of 5.6 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1450.6, up 2.31% on the day. Torrent Power Ltd is down 4.25% in last one year as compared to a 6.4% spurt in NIFTY and a 10.95% spurt in the Nifty Energy index.
Business Standard
11-06-2025
- Business
- Business Standard
JSW Energy Ltd Surges 1.29%
JSW Energy Ltd has added 12.23% over last one month compared to 5.15% gain in BSE Power index and 0.05% rise in the SENSEX JSW Energy Ltd gained 1.29% today to trade at Rs 540.05. The BSE Power index is up 0.51% to quote at 7019.61. The index is up 5.15 % over last one month. Among the other constituents of the index, Torrent Power Ltd increased 0.45% and NTPC Ltd added 0.37% on the day. The BSE Power index went down 9.17 % over last one year compared to the 7.87% surge in benchmark SENSEX. JSW Energy Ltd has added 12.23% over last one month compared to 5.15% gain in BSE Power index and 0.05% rise in the SENSEX. On the BSE, 9687 shares were traded in the counter so far compared with average daily volumes of 2.12 lakh shares in the past one month. The stock hit a record high of Rs 804.95 on 24 Sep 2024. The stock hit a 52-week low of Rs 419.1 on 17 Feb 2025.
