Torrent Power's stock jumped 5.2% to ₹1,873 following a big win. The company secured a ₹1,500 MW pumped hydro storage project from Maharashtra State Electricity Distribution Co. Limited (MSEDCL).
This project will involve an energy storage capacity of 12,000 MWh. Torrent Power plans to invest between ₹25,000 and ₹35,000 crore in pumped storage, along with expanding into renewable energy and green ammonia production.