{"id":28888,"date":"2022-03-11T21:05:00","date_gmt":"2022-03-11T15:35:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-torrent-power-acquisition\/"},"modified":"2022-03-11T21:05:00","modified_gmt":"2022-03-11T15:35:00","slug":"biz-torrent-power-acquisition","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-torrent-power-acquisition\/","title":{"rendered":"Torrent Power completes acquisition of Surya Vidyut Ltd"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1341778125\"><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, Mar 11 (PTI) Torrent Power on Friday said it has completed the acquisition of wind energy firm Surya Vidyut Limited from CESC Limited.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2358660624\"><!-- 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>Surya Vidyut was a wholly-owned subsidiary of CESC Limited with a total capacity of 156 megawatts (MW).<\/p>\n<p>&#8220;Pursuant to share purchase agreement between Torrent Power Limited and CESC Limited, Haldia Energy Limited along with nominal shareholders (the Sellers) and Surya Vidyut Limited (SPV), completed transaction of acquisition of 100 per cent equity share capital of Surya Vidyut Limited,&#8221; it said.<\/p>\n<p>Surya Vidyut operates 156 MW wind power plants, spread across Gujarat, Rajasthan and Madhya Pradesh, the company statement said.<\/p><div class=\"trade-content_5\" id=\"trade-1429947375\"><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>Sharing further information, it said there are long-term power purchase agreements (PPAs) for the projects with respective state discoms for 25 years, with a weighted average tariff of Rs 4.68\/ kWh (kilowatt-hour).<\/p>\n<p>The company did not disclose any further information concerning the acquisition of the wind assets.<\/p>\n<p>Part of diversified Torrent Group, Torrent Power is one of the largest power companies with a presence across the entire power value chain of generation, transmission and distribution.<\/p>\n<p>Torrent Power currently has an aggregate installed generation capacity of 3.9 GW, which consists largely of clean generation sources such as gas (2.7 GW) and renewables (0.8 GW). PTI ABI  BAL BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-1314646210\"><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, Mar 11 (PTI) Torrent Power on Friday said it has completed the acquisition of wind energy firm Surya Vidyut Limited from CESC Limited. Surya Vidyut was a wholly-owned subsidiary of CESC Limited with a total capacity of 156 megawatts (MW). &#8220;Pursuant to share purchase agreement between Torrent Power Limited and CESC Limited, Haldia [&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-28888","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 completes acquisition of Surya Vidyut Ltd - 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-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Torrent Power completes acquisition of Surya Vidyut Ltd\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 11 (PTI) Torrent Power on Friday said it has completed the acquisition of wind energy firm Surya Vidyut Limited from CESC Limited. 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