Surat: A power outage hit South Gujarat this afternoon due to the tripping of seven 400 kV transmission lines and severe voltage fluctuations. The outage affected districts like Surat, Bharuch, Navsari, Vapi, and Valsad, among others. Power supply was disrupted in areas served by both the private power company and DGVCL. However, as of 6:30 pm, power has been restored in 90% of the affected areas. As per an official statement from GUVNL, "A sudden load drop of approximately 4000 MW occurred in ...Read More

Ahmedabad: Torrent Group has acquired a majority stake of 67% in Gujarat Titans, becoming the new majority shareholder of the IPL franchise. The deal was announced on Wednesday and is subject to customary approvals, including from the BCCI. Torrent entered into an agreement to purchase the 67% stake from Irelia Company Pte Ltd, which is managed by CVC. Irelia will retain a 33% minority stake in the franchise. CVC had purchased Gujarat Titans for INR 5625 crore in 2021, and Torrent, one of the p...Read More

Ahmedabad: Torrent Group's charitable arm, UNM Foundation on Wednesday dedicated to the citizens of Ahmedabad, a newly-developed public park in Naroda. The park is 10th Public Garden developed and being managed under UNM Foundation’s PRATITI Initiative in Ahmedabad. The Naroda Garden with a total area of 6,766 sq mt, is located at TP-121, FP-145, near Panacea Residency in the Naroda Ward of AMC’s North Zone. Some of the Facilities & Amenities at the Garden: · Large entrance gat...Read More

Ahmedabad: Torrent company's arm UN Mehta Foundation will develop, maintain, clean and operate three grardens of Amdavad Municipal Corporation(AMC) on Public Private Partneship(PPP) model. The gardens are to be developed by the foundation as per the plan approved by AMC. The gardens involved include Haren Pandya garden in Vasna area, AUDA garden in Jodhpur area and AMC garden next to Gulmahor Vila on Science City road. DeshGujaratRead More

Ahmedabad: If the reports are to be believed, two Gujarat-based business groups, Adani and Torrent, are in talks with Luxembourg-based CVC Capital Partners to acquire the majority stake in the IPL's Gujarat Titans team. According to a report by the Economic Times, CVC is open to selling a majority stake while keeping a minority interest. This development comes as the Board of Control for Cricket in India's (BCCI's) lock-in period preventing new teams from selling stakes will end in February 2...Read More

Ahmedabad: Big relief comes for the transport industry, and consumers as major gas distributor firms have announced rate cuts for compound natural gas (CNG) and domestic piped natural gas (PNG). On Thursday, Adani Total Gas Ltd reduced CNG prices by Rs. 4.7 per kg and PNG prices by Rs. 3.20 per standard cubic meter (SCM). IRM energy also cut the price by Rs. 6 per SCM effective from Wednesday. With these reductions price of natural gas in Ahmedabad on 17th August, came down to Rs. 83.90...Read More

Gandhinagar: Torrent Power Limited has entered into a Share Purchase Agreement (SPA) and Shareholders Agreement (SHA) with Hon'ble Administrator of the Union Territory of Dadra and Nagar Haveli and Daman and Diu (Holding Entity) and Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation Limited (the SPV) for purchase of 51% Equity Share Capital of the SPV from the Holding Entity. The SPV will be responsible for distribution and retail supply of electricity and holds distribution...Read More

New Delhi: Union Minster for Petroleum & Natural Gas and Steel, Dharmendra Pradhan today through a Video Conference from Delhi, dedicated 42 CNG stations and 3 City Gate Stations (CGS) of Torrent Gas to the service of the community. The CNG stations are located across various states, including 14 in Uttar Pradesh, 8 in Maharashtra, 6 in Gujarat, 4 in Punjab and 5 each in Telangana and Rajasthan. The City Gate Stations include one each in Uttar Pradesh, Maharashtra and Punjab. With the completion...Read More

Ahmedabad: Torrent Gas, a subsidiary of Torrent group, has hailed the Supreme Court judgement that upholds authorisation by Petroleum and Natural Gas Regulatory Board (PNGRB) to the company for creating City Gas Distribution network in Chennai and Tiruvallur. Appeal filed against authorisation by Adani Gas was dismissed by the apex court on Monday. Executive Director of Gujarat based torrent group Jayesh Desai today said that Torrent Gas, was authorized by the PNGRB, pursuant to an ...Read More