Torrent Power Forms Subsidiary for Renewable Energy
By Rediff Money Desk, NEWDELHI Jan 04, 2024 11:39
Torrent Power has incorporated a wholly-owned subsidiary, Torrent PSH2, to generate electricity from renewable energy sources. The subsidiary is registered in Gujarat and has an authorized share capital of Rs 1,00,000.
New Delhi, Jan 4 (PTI) Torrent Power has incorporated a wholly-owned subsidiary to carry on the business of electricity generation from renewable energy.
Torrent PSH 2 was incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on January 3, 2024.
The subsidiary is yet to commence its operations, a regulatory filing stated.
Torrent PSH2 (TPSH2) is incorporated to carry on the business of generation, transmission, distribution, purchase, procurement, sale, trading, import, export, storage of power or otherwise deal in all forms of conventional, non-conventional, renewable, green, hydro power, or any other sources of energy.
The authorised and paid-up share capital of TPSH2 is Rs 1,00,000. The company acquired 10,000 shares in TPSH2 for Rs 10 each.
Torrent PSH 2 was incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on January 3, 2024.
The subsidiary is yet to commence its operations, a regulatory filing stated.
Torrent PSH2 (TPSH2) is incorporated to carry on the business of generation, transmission, distribution, purchase, procurement, sale, trading, import, export, storage of power or otherwise deal in all forms of conventional, non-conventional, renewable, green, hydro power, or any other sources of energy.
The authorised and paid-up share capital of TPSH2 is Rs 1,00,000. The company acquired 10,000 shares in TPSH2 for Rs 10 each.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- IFL Enterprises
- 1.36 (+ 4.62)
- 89514397
- Franklin Industries
- 3.90 (+ 4.56)
- 26289060
- Vodafone Idea L
- 16.06 ( -4.35)
- 19893133
- Indian Renewable
- 258.20 ( -5.16)
- 13705666
- AvanceTechnologies
- 0.91 ( 0.00)
- 10650237
MORE NEWS
ASK Property Fund Invests Rs 190 Cr in...
ASK Property Fund has invested Rs 190 crore in a real estate project being developed by...
Japan Trade Deficit Shrinks as Exports Rebound
Japan's trade deficit narrowed in the first half of 2023, driven by a recovery in...
Asian Paints Shares Drop 4% After Q1 Earnings
Asian Paints shares fell over 4% on Thursday after the company reported a 24.64%...