Torrent Power is a private sector integrated power utility engaged in the business of power generation, transmission, and distribution, having interests in power generation, transmission, distribution, and the manufacturing and supply of power cables. The company distributes power to over 38.5 lakh customers annually in its distribution areas of Ahmedabad, Gandhinagar, Surat, Dahej SEZ, and Dholera Special Investment Region in Gujarat; Dadra and Nagar Haveli and Daman and Diu UT; Bhiwandi, Shil, Mumbra, and Kalwa areas of Mumbai Metropolitan Region in Maharashtra; and Agra in Uttar Pradesh. Torrent Power Ltd is a leading integrated power utility company in India with a presence across generation, transmission, and distribution of power. Its operations are spread across the states of Gujarat, Maharashtra, Uttar Pradesh, and Karnataka.
The Company operates in three segments: generation, transmission and distribution, and renewables.
* The Generation segment comprises generation of power from thermal sources (gas and coal) and trading of Regasified Liquefied Natural Gas.
* The Transmission and Distribution comprises of transmission and distribution business (licensed and franchisee) and related ancillary services. The segment also comprises Power Cable business.
* The Renewables segment comprises of generation of power from renewable energy sources, which includes wind and solar.
The Company has an aggregate installed generation capacity of approximately 4,328-Megawatt peak (MWp) comprising of 2,730 megawatts (MW) of gas-based capacity, 1,236 MWp of renewable capacity, and 362 MW of coal-based capacity. 1746 MW Renewable plants (Wind - 921 MW and Solar - 825 MW) are spread across Jamnagar, Charanka, Akhakhol near Surat, Kutch, Rajkot, Bhavnagar in Gujarat; Gulbarga & Raichur in Karnataka, and Osmanabad in Maharashtra.
Torrent Power's total power generation portfolio, including existing and under-development projects, stands at 4975MW, which includes 2730MW gas-based, 663 MW solar, 1220 MW wind, and 362MW coal-based. At present, the company is not developing any coal or gas-based power project. The under-development solar capacity is 400MW, while the under-construction wind capacity is 415 MW.
The T&D (Transmission & Distribution) losses in license areas of the company are amongst the lowest in the country. Torrent Power's efficient operations leading to low T&D losses of approximately 6.54% present an attractive proposition for companies offering energy management solutions or technologies aimed at improving grid efficiency and reducing losses. Serving over 2.87 million consumers, Torrent Power provides an avenue for consumer-focused businesses to engage in joint marketing ventures or loyalty programs tailored to reach a wide audience across cities like Ahmedabad, Surat, and Agra.
Torrent Power has strategically positioned renewables as a key growth driver. With this project, the company's renewable capacity under development rises to 3.3 GWp. Aligned with its sustainability goals and the Government of India's target of achieving 500 GW of non-fossil fuel capacity by 2030, Torrent is steadily expanding its green energy portfolio. Alongside a balanced mix of wind and solar assets, the company is also actively exploring emerging green energy avenues such as pumped hydro and green hydrogen.
Torrent Green Energy was awarded a 300 MW wind project, representing a ₹2,650 Crore investment, with 24-month commissioning. Torrent Power was awarded 300 MW wind power projects by SECI, with a project cost of ₹2,650 Crore and a 25-year contract. The company also disclosed that it had been allocated 6,000 hectares of land in Gujarat, where it plans to set up approximately 3 GW of renewable projects encompassing both solar and wind energy.
Torrent Power has a Market Capitalization of ₹72,783 Crore (down -3.64% in 1 year), a Revenue of ₹29,165 Crore, and a Profit of ₹3,059 Crore. Its tax rate seems low, and Promoter Holding is 51.1%. Torrent Power Ltd has a market capitalization of ₹69,790 Crore.
* Sales rose 7.29% to ₹29,165.26 Crore in the year ended March 2025, as against ₹27,183.21 Crore during the previous year ended March 2024.
* Net profit rose 63.02% to ₹2,988.50 Crore in the year ended March 2025, as against ₹1,833.23 Crore during the previous year ended March 2024.
* Torrent Power Ltd's net profit jumped 146.27% since the last year same period to ₹1,059.57 Crore in Q4 FY25.
* In the quarter ending March 2025, Torrent Power Ltd declared a dividend of ₹5, translating to a dividend yield of 1.56%.
Torrent Power has identified distribution, renewables, and transmission as key areas for growth. The company is actively pursuing corporate PPA market opportunities and has already executed 20 MW of PPAs. It is also considering the group captive arrangement for selling renewable power, which involves setting up subsidiaries within Torrent Power. Additionally, Torrent Power is exploring new segments, including battery storage and pump hydro storage.
Torrent Power Ltd has signed a long-term agreement with BP Singapore for the supply of up to 0.41 million tonnes per annum of LNG from 2027 to 2036. This strategic move aims to support its gas-based power plants and city gas distribution, enhancing energy security and contributing to India's clean energy goals.
Torrent Power intends to increase its renewable energy portfolio through the acquisition of existing projects and is also looking for new opportunities in the transmission and distribution sectors. Torrent Power is evaluating potential inorganic acquisitions, including discussions regarding assets from Renew Power.
Torrent Power is one of the leading brands in the Indian power sector. With an all-round experience in generation, transmission, and distribution of power, and a proven track record of implementing large power projects, Torrent Power is the most experienced private sector player in Gujarat. Torrent Power created history by entering into the country's first distribution franchisee agreement with Maharashtra State Electricity Distribution Company Limited for Bhiwandi Circle in December 2006.
Torrent Power continues to strengthen its position as a leading integrated power utility in India, with a diversified portfolio spanning conventional and renewable energy sources, robust distribution networks, and strategic initiatives focused on sustainable growth and clean energy transformation.
