Torrent Power Forms Step-Down Subsidiary

MT Newswires Live

04-11

Torrent Power (NSE:TORNTPOWER, BOM:532779) has incorporated a step-down subsidiary named Torrent Urja Projects for the development of renewable energy projects, according to a Thursday filing to the Indian stock exchanges.

Torrent Urja Projects is wholly owned by Torrent Green Energy, a wholly-owned subsidiary of the company.

The new company will provide engineering, procurement, and construction and associated solutions for all types of infrastructure development projects including thermal, hydro, green hydrogen, nuclear, solar, wind, and biomass waste, among others.

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