Torrent Power - Big order win
Torrent Power - Big order win - TORNTPOWER
1) This stock shall be on radar due to big order win
2) The company has received a Letter of Award from MP Power Management Company for long-term procurement of power from a 1,600 MW new coal-based power plant, at a tariff of Rs 5.829/kWh.
3) The company will set up a greenfield 2x800 MW Ultra-Supercritical power plant in Madhya Pradesh on a Design, Build, Finance, Own, and Operate (DBFOO) model at an investment of Rs 22,000 crore, and supply the entire capacity to MP Power Management Company.
4) This shall have positive impact on the stock prices.
5) However, this is just for information. This is not a buy/sell recommendation.
Thank you,
Technofunda24
#FundamentalViews#WatchOutFor
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