Torrent Power has issued a clarification regarding a media report mentioning a ₹1 lakh crore investment in energy and new B2C platforms. The company stated that it regularly discloses investment plans and events, and the movement in its share price is market-driven. Torrent Power continuously evaluates business opportunities and will disclose relevant information as required.
Clarification on Investment Plans
Torrent Power has addressed a news item concerning its potential investment of ₹1 lakh crore in the energy sector and the establishment of new B2C platforms. The company’s response seeks to clarify details presented in the media.
Company Statement
The company clarified that it consistently makes necessary disclosures regarding investment plans and events. Torrent Power emphasized that there are no undisclosed investment plans that would significantly affect the company’s equity share price.
Market Influence
Torrent Power also addressed the movement in its share price, stating that it is attributable to market conditions. The company reiterated that it has no specific control over these movements nor any knowledge of their underlying reasons.
Continued Disclosure
As a growing company, Torrent Power is committed to continuously evaluating business opportunities and fulfilling its disclosure obligations. The company confirmed its commitment to informing the stock exchange of any relevant events or information in accordance with regulations.
Source: BSE
