{"id":22857,"date":"2022-02-10T19:12:18","date_gmt":"2022-02-10T13:42:18","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-torrent-power-3\/"},"modified":"2022-02-10T19:12:18","modified_gmt":"2022-02-10T13:42:18","slug":"biz-torrent-power-3","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-torrent-power-3\/","title":{"rendered":"Torrent Power to acquires 25 MW solar plant for Rs 163 cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1146403313\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Feb 10 (PTI) Torrent Power has inked a share purchase agreement with Blue Diamond Properties Pvt Ltd and Balrampur Chini Mills to acquire 100 per cent stake in a 25 MW solar power plant at an enterprise value of Rs 163 crore.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1553050438\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The company will acquire 100 per cent stake of Visual Percept Solar Projects Pvt Ltd, a special purpose vehicle (SPV).<\/p>\n<p> While Blue Diamond Properties holds 55 per cent stake in Visual Percept, Balrampur Chini Mills holds 45 per cent, Torrent Power said in a statement.<\/p>\n<p> According to the statement, the SPV operates 25 MW solar power plant in Gujarat.<\/p><div class=\"trade-content_5\" id=\"trade-1758031926\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> Long-term Power Purchase Agreement (PPA) for the project is with Gujarat Urja Vikas Nigam Ltd (GUVNL) for a period of 25 years.<\/p>\n<p> Enterprise value estimated for this acquisition is Rs 163 crore, subject to closing price adjustments, if any. The acquisition is further subject to customary conditions for transaction closure, it stated.<\/p>\n<p> Torrent Power, the integrated power utility of the diversified Torrent Group with group revenues of Rs 20,500 crore, is one of the largest companies in the country\u2019s power sector with presence across the entire power value chain of generation, transmission and distribution.<\/p>\n<p> Torrent Power has an aggregate installed generation capacity of about 3.9 GW, which largely consists of clean generation sources such as gas (2.7 GW) and renewables (0.8 GW).<\/p>\n<p> It also has a capacity of 0.7 GW of renewable energy plants under advanced stage of acquisition or under development.PTI KKS  KKS ANU ANU<\/p>\n<div class=\"trade-after-content\" id=\"trade-823824065\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 10 (PTI) Torrent Power has inked a share purchase agreement with Blue Diamond Properties Pvt Ltd and Balrampur Chini Mills to acquire 100 per cent stake in a 25 MW solar power plant at an enterprise value of Rs 163 crore. The company will acquire 100 per cent stake of Visual Percept [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-22857","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Torrent Power to acquires 25 MW solar plant for Rs 163 cr - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-torrent-power-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Torrent Power to acquires 25 MW solar plant for Rs 163 cr\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 10 (PTI) Torrent Power has inked a share purchase agreement with Blue Diamond Properties Pvt Ltd and Balrampur Chini Mills to acquire 100 per cent stake in a 25 MW solar power plant at an enterprise value of Rs 163 crore. 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