Torrent Power rose 1.70% to Rs 314.40 after Maharashtra State Electricity Distribution Company has handed over Shil, Mumbra and Kalwa (SMK) divisions and its operations to the company on 1 March 2020.
On 3 January 2020, Torrent Power had won franchisee for distribution of electricity in Shil, Mumbra & Kalwa (SMK) sub-divisions under Thane Urban Circle, Maharashtra.
Torrent Power's consolidated net profit rose 77% to Rs 419.39 crore on a 5.4% decline in net sales to Rs 3,079 crore in Q3 December 2019 over Q3 December 2018.
Torrent Power is an integrated utility engaged in the business of power generation, transmission and distribution with operations in the states of Gujarat, Maharashtra and Uttar Pradesh. It is also engaged in the business of cables manufacturing with operations in the state of Gujarat.
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