Torrent Power bags 50 MW solar plant in Telangana from SkyPower

26 Apr 2022 CW Team

Torrent Power Limited has bagged a 50 MW solar power plant from SkyPower in Telangana with an enterprise value for the acquisition is around Rs 417 crore.

The solar power plant is owned by SkyPower Southeast Asia III Investments Limited and SkyPower Southeast Asia Holdings 2 Limited and operated through the Special Purpose Vehicle (SPV) Sunshakti Solar Power Projects Private Limited.

The project benefits from a 25 years power purchase agreement (PPA) with Northern Power Distribution Company of Telangana Limited (NPDCTL) at a fixed tariff of around Rs 5.35 per KWh, with the remaining useful life of around 20 years.

It follows the acquisition of a 50 MW solar asset from Lightsource BP in Maharashtra.

Torrent Power is a part of the Torrent Group, with group revenues of Rs 20,500 crore and a market cap of Rs 75,000 crore, one of the largest companies in the Indian power sector with a presence across the overall power value chain of generation, transmission, and distribution.

The company has an aggregate installed generation capacity of 4.1 GW, including clean generation sources such as gas of 2.7 GW and renewables of 1 GW. Torrent Power has 400 MW of renewable energy plants under development.

With this acquisition of a 50 MW solar power plant, its total generation capacity, including an under-development portfolio, will reach 4.6 GW with a renewable portfolio of over 1.5 GW.

Image Source

Also read: Torrent Power bags 156 MW wind projects worth Rs 7.9 bn from CESC

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..