Torrent Power Ltd has announced that the Company has signed a Memorandum of Understanding (MoU) with Gujarat Power Corporation Ltd on May 22, 2007 for setting up a 1000+ MW coal based power project at Pipavav in Amreli District, Gujarat.
The stock closed the day at Rs.75.70, up by Rs.4.10 or 5.73%. The total traded quantity was 1153989 compared to 2 week average of 393266. The stock hit an intraday high of Rs.77.35 and low of Rs.70.85.