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Torrent Power forms TU14 for power generation and trading
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.
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