Torrent Power forms TU14 for power generation and trading

15 May 2023 CW Team

Torrent Power has established a wholly-owned subsidiary named Torrent Urja 14 (TU14) to conduct power-related businesses such as power generation, transmission, distribution, and trading. According to a BSE filing, TU14's objective is to engage in all forms of electrical power and energy, including non-conventional and renewable sources of energy.

TU14 is entirely owned by Torrent Power and was incorporated in India on May 11, 2023, and registered with the Registrar of Companies in Gujarat’s Ahmedabad. However, the company has yet to begin its operations. The authorised and paid-up share capital of TU14 is Rs 0.1 million, and Torrent Power owns 100 per cent of its equity.

Also Read
Power Minister lays foundation stone for Powergrid's Ara substation
Solar projects up for grabs in Meghalaya

Real Estate

02 Apr 2026

Mahagun Group Secures Rs 2.25 Billion Funding

Mahagun Group has secured Rs 2.25 billion in funding from CSL Finance Limited, reinforcing its financial position and giving added momentum to project execution across its portfolio.The development comes after the Group recently completed the closure of Rs 6.5 billion debt for its Mahagun Medalleo project. It repaid Rs 3.1 billion in principal and around Rs 3.4 billion in interest, reflecting a disciplined financial approach and a consistent record of meeting obligations.The Group said its financial position is supported by strong internal accruals, healthy collections, and a robust base of so..

Mahagun Group Secures Rs 2.25 Billion Funding

Mahagun Group has secured Rs 2.25 billion in funding from CSL Finance Limited, reinforcing its financial position and giving added momentum to project execution across its portfolio.The development comes after the Group recently completed the closure of Rs 6.5 billion debt for its Mahagun Medalleo project. It repaid Rs 3.1 billion in principal and around Rs 3.4 billion in interest, reflecting a disciplined financial approach and a consistent record of meeting obligations.The Group said its financial position is supported by strong internal accruals, healthy collections, and a robust base of so..

Danube Launches Greenz Master Community in Dubai

Danube Properties has recently launched Greenz by Danube, its first large-scale integrated community featuring premium villas and townhouses, marking its expansion into master-planned developments. Located in Dubai International Academic City near Dubai Silicon Oasis, the project sits within a high-growth corridor housing over 100,000 residents. The area is set to benefit from the upcoming District IO technology hub aligned with the vision of Sheikh Mohammed bin Rashid Al Maktoum. The development will offer three- and four-bedroom townhouses, along with five-bedroom semi-detached ..