Torrent Power, engaged in generation, transmission and distribution of power, announced that the company has entered into Renewal and Amendment Agreement to the said Distribution Franchise Agreement (DFA) with MSEDCL for a further period of 10 years w.e.f. January 26, 2017.

Earlier, in December 2006, the company had signed the Distribution Franchise Agreement (DFA) with the Maharashtra State Electricity Distribution Company (MSEDCL) for distribution of power in Bhiwandi Circle for a period of 10 years. 

Shares of the company gained Rs 4.7, or 2.69%, to trade at Rs 179.15. The total volume of shares traded was 24,528 at the BSE (10.03 a.m., Tuesday).