| :: 2005-06 :: |
Torrent Power amalgamates all its power entities into one company, Torrent Power Limited.
----------
Torrent Power Generation Ltd. awards EPC contract for its upcoming 1100 MW SUGEN CCPP to a consortium of Siemens AG and Siemens Ltd. India; commences construction of its first power block".
----------
Torrent Power Generation Ltd. and Siemens
create a 50:50 JV to provide O&M services
to its 1100 MW SUGEN CCPP. |
| :: 2004-05 :: |
Torrent brings together three of its group companies Torrent Power AEC Limited, Torrent Power SEC Limited and Torrent Power Generation Limited under a single, unified brand – Torrent Power.
----------
Torrent Power Generation Limited
achieves financial closure. |
| :: 2003-04 :: |
Torrent Power Generation Limited
incorporated
for implementing a 1050 MW
combined
cycle mega power project near Surat. |
| :: 2002-03 :: |
AEC received its first tariff order from
Gujarat Electricity Regulatory Commission |
| :: 2001-02 :: |
SEC received its first tariff order from
Gujarat Electricity Regulatory Commission
----------
The Ahmedabad Electricity Company's
turnover crosses the Rs. 10 billion mark |
| :: 1999-00 :: |
Sales of equity stake in GTEC to
Powergen India Pvt. Ltd. (The biggest Merger and Acquisition deal in India in the 20th century).
----------
Torrent Private Limited (the holding company)
formed as part of consolidation exercise |
| :: 1998-99 :: |
Torrent acquired management control
of The Ahmedabad Electricity Company
----------
Combined Cycle operations of GTEC
commissioned in mid-December 1998 |
| :: 1996-97 :: |
Foundation stone for GTEC laid and
Zero date announced
----------
Torrent acquired management control
of Surat Electricity Company |
| :: 1992-93 :: |
Gujarat Torrent Energy Corporation (GTEC)
incorporated - greater focus on power sector |
| :: 1989-90 :: |
Mahendra Electricals taken over and
renamed
as ‘Torrent Cables Ltd.'
- initial foray into power |
