Torrent Power Case Study

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TORRENT POWER: In 1997, the company received clearance from the Foreign Investment Promotion Board to issue preferential shares to US based MNC Investment Corporation for Rs. 400 Crore to help fund its acquisition of the Ahemdabad Electricity Company by purchasing the entire 28.89% stake held by the Gujarat government.[1] This acquisition formed what was then known as Torrent Power AEC Limited. Similarly, after acquiring the Surat Electricity Company in the same deal, Torrent Power SEC Limited was formed. In 2005, the parent company, Torrent Group floated the company Torrent Power Generation to further expand into the power business. In 2006, the three power-related companies of Torrent Group, Torrent Power AEC Ltd, Torrent Power SEC Ltd, and Torrent Power Generation Ltd were merged to form Torrent Power.[2] …show more content…

(KESCo) and the Agra Circle of DakshinanchalVidyutVitran Nigam Limited (DVVNL) for 20 years.[4] The handover has been marred by bad frequent power-cuts by the currently operating electricity boards and threats of state wide strikes by power engineers . Operations: The Sabarmati Thermal Power Station now Torrent Power Station situated on the banks of River Sabarmati, made famous by Mahatma Gandhi's Ashram by the same name is not only one of the oldest Thermal Plants in the country (1934), but also one of the most well run. With ventures in power generation, transmission and distribution. Generation : Torrent Power has an aggregate generating capacity of 1647.5 MW comprising: 1147.5 MW SUGEN gas based mega combined cycle power plant near

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