Torrent Power shares zoom 9% on securing 2,000 MW energy storage contracts from MSEDCL
Shares of Torrent Power surged 9% to a 52-week high after signing two letters of award with Maharashtra State Electricity Distribution Company Limited for the long-term supply of 2,000 MW energy storage capacity. The agreements include 1,500 MW energy supply capacity and 500 MW additional storage capacity, with plans for 40-year procurement from a pumped hydro storage plant in Maharashtra.
