Torrent Power shares traded up 1.82% at Rs 614.85 at 12:31 pm after the business launched its first set of charging stations in Ahmedabad.

The four EV charging stations are set up in Ahmedabad, and two more are to be launched in Surat, with more cities added in the future.

The company has collaborated with Siemens for emerging the EV charging network.

Torrent Power has connected three 60KW DC Fast chargers, each at Prahladnagar, Naranpura and Drive-In-Road in Ahmedabad. Each charger can charge two vehicles simultaneously. Apart from this, a 22 kW AC charger was set up in Ahmedabad.

The company bids charging Rs 12 per unit, being the lowest in the city. An additional discount of 20% on the first charge has also been broadcasted for a limited period.

In June, Torrent Power signed an agreement with the Maharashtra government to expand three Pumped Storage Hydro Projects of 5,700 MW capacity. The company aims to implement these projects over five years.