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Torrent Power Expands Green Hydrogen Portfolio with New Subsidiary

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Representational image. Credit: Canva

Torrent Power Limited has taken a significant step in advancing its renewable energy initiatives with the incorporation of Torrent Urja 32 Private Limited (TU32), a wholly owned subsidiary of Torrent Green Energy Private Limited (TGEPL). This move highlights the companyโ€™s growing commitment to green hydrogen as a key component of Indiaโ€™s clean energy future.

TU32 has been established to focus on the production, storage, and distribution of hydrogen and its derivatives, such as ammonia, alongside power generation from renewable sources. This aligns with Indiaโ€™s National Green Hydrogen Mission, which aims to position the country as a global hub for hydrogen-based energy solutions.

With an authorized and paid-up capital of โ‚น5,00,000, the subsidiary is yet to commence operations but is expected to play a crucial role in Torrent Powerโ€™s sustainability-driven expansion. The companyโ€™s strategic shift toward green hydrogen underscores its commitment to reducing carbon emissions and fostering energy security through non-conventional energy sources.

As India accelerates its clean energy transition, Torrent Powerโ€™s investment in green hydrogen further strengthens its position as a key player in the renewable energy sector. The move reflects a broader industry trend where hydrogen is emerging as a vital component in achieving a low-carbon future.

Also Read  Africaโ€™s Green Hydrogen Push Risks Overshadowing Domestic Energy Needs, GEM Warns in New Analysis

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