TheScreener - Torrent Power (TORNTPOWER) TORRENT POWER reduced its risk exposure resulting in an upgrade to Slightly Positive

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TheScreener

EUR 13.73 For Business Accounts Only

TORRENT POWER reduced its risk exposure resulting in an upgrade to Slightly Positive

TORRENT POWER (IN), a company active in the Conventional Electricity industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date March 8, 2022, the closing price was INR 468.80 and its potential was estimated at INR 579.14.

09/03/2022 1 EN

Underlying

Torrent Power

Torrent Power Limited is a holding company. The Company 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. It has an aggregate generating capacity of approximately 3,334 megawatts (MW). The Company's generation facilities include an approximately 1,147.5 MW SUGEN Mega Power Plant near Surat; an over 382.5 MW UNOSUGEN Power Plant near Surat; an approximately 1,200 MW DGEN Power Plant at Dahej SEZ near Bharuch; an approximately 422 MW AMGEN Power Plant at Ahmedabad; an approximately 49.6 MW Wind Power Plant at Lalpur, Jamnagar; an approximately 51 MW Solar Power Plant at Charanka, Patan, and an approximately 81 MW GENSU Solar Power Plant near Surat. The Company distributes approximately 10 billion units of power to over 2.2 million customers.

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INE813H01021 National Stock Exchange of India India

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TORRENT POWER reduced its risk exposure resulting in an upgrade to Slightly Positive

Empowering Investors

MOSL: TORRENT POWER (Buy)-Low LNG prices keep UnoSugen up and running

MOSL: TORRENT POWER (Buy)-UnoSugen, merchant sales drive growth

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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