Torrent Power: 300 MW wind PPA with SECI terminated; liquidated damages ₹39.78 crore
Torrent Power Ltd · Power
What the filing says
- Torrent Saurya Urja 2 Pvt Ltd, a wholly owned subsidiary of Torrent Green Energy, signed the 300 MW wind PPA with SECI on May 04, 2023 after the LoA of July 14, 2022
- Force Majeure events and delays in transmission connectivity and GNA operationalisation hit the project; SECI granted extensions to the SCOD
- The 300 MW PPA was terminated due to continued uncertainty over the SCOD; liquidated damages of ₹39.78 crore are payable on termination
Why it's rated notable: cross-check disputed the major rating
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Update On Letter Of Award - Long Term Power Purchase Arrangement For 300 MW Wind Power Project Received On July 14, 2022
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.