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

Ahmedabad: Gujarat based Pharma major Torrent Pharmaceuticals has registered a consolidated net profit (after tax) of Rs 246 crores in the third quarter of the current fiscal which was more than 4 fold in comparison to that of the same quarter of the last fiscal. The financial result for the company for the quarter ended December 31, issued today said that the net profit (after tax) in the Q3 last fiscal was only Rs 58 crores. The total consolidated income has also risen to...Read More

Ahmedabad: Ahmedabad based multinational pharma major Torrent Pharmaceuticals Limited (Torrent) today, announced the acquisition of Bio-Pharm, Inc. (BPI) a generic pharmaceuticals and OTC Company, based in Levittown Pennsylvania, USA. Established in 1992, BPI has a proven track record in the research & development and manufacturing of oral solutions, suspensions and suppositories. Its 75,000 sq. ft US FDA registered facility has manufacturing capabilities for controlled subst...Read More

Ahmedabad: Gujarat based multinational pharma major Torrent Pharmaceuticals Limited (“TPL”) today completed acquisition of branded business of Unichem Laboratories Limited (“Unichem”) for India and Nepal, including its Sikkim manufacturing facility, on a going concern basis by way of slump sale. This transaction was in pursuance of the definitive binding agreement entered into between Torrent and Unichem on 3rd November, 2017. From today, Torrent begins the integrati...Read More

Ahmedabad: Ahmedabad based Multinational Pharmaceutical company Torrent Pharma, today announced that it has completed the acquisition of Regestrone and Pregachieve brands for India from global Pharma player Novartis AG of Switzerland. Executive Director of the company Jayesh Desai said that these brands were widely prescribed by Gynaecologists for the management of Abnormal Uterine bleeding, Peri & Post- menopausal symptoms and Infertility. ''Women Healthcare is an important the...Read More

Ahmedabad: The Ahmedabad-based Torrent Power Limited has registered a decline of around 70% in its net profit during the third quarter of the current fiscal. The Pharma wing of the company ie Torrent Pharmaceuticals Limited, had also registered a drop of over 22 % in its net profit in Q 3 of this fiscal. In its financial results for the third quarter announced today, Torrent power has mentioned that its Q 3 net profit has come down to Rs 106.66 crores from Rs 359.08 crores o...Read More