Torrent Power Subsidiary Secures 300 MW Solar Project from SECI Jun 13, 2025
Torrent Power Subsidiary Secures 300 MW Wind Project from SECI Jun 12, 2025
More news about Torrent Power
02Jun 25
Torrent Power Signs 10-Year LNG Supply Deal with BP for Power Generation and City Gas Distribution
Torrent Power Ltd. has entered into a Sales and Purchase Agreement with BP Singapore Pte. Ltd. for the supply of up to 0.41 Million Metric Tonnes Per Annum of LNG. The agreement spans a 10-year period from 2027 to 2036, with the LNG intended for power generation and city gas distribution in India. This strategic move aims to ensure long-term energy supply stability for Torrent Power's operations.
15May 25
Torrent Power's Q4 Profit Soars, Announces Dividend and Fundraising Plans
Torrent Power reported a 146.51% increase in Q4 FY24 consolidated net profit, reaching ₹1,060.00 crore. Revenue grew 3.92% to ₹6,671.20 crore. The company declared a dividend of ₹5.00 per share and plans to raise up to ₹3,000.00 crore through non-convertible debentures. EBITDA rose 16.94% to ₹1,283.50 crore, and a deferred tax of ₹590.00 crore was reported.
14May 25
Torrent Power Announces ₹3,000 Crore Fund Raise Through Private Placement
Torrent Power plans to raise up to ₹3,000 crore through private placement of non-convertible debentures (NCDs). This significant capital raise could be used for expansion, debt restructuring, or working capital needs. The move signals potential growth or financial restructuring for the integrated power utility company. The market's response and the terms of the NCD issuance will be key indicators of investor confidence in Torrent Power's future.
14May 25
Torrent Power Announces Q4 Results: 146% Profit Surge, ₹5 Dividend, and ₹3,000 Crore NCD Approval
Torrent Power reported a 146.30% year-over-year increase in Q4 FY25 net profit to ₹1,059.60 crore, despite a slight decrease in revenue to ₹6,456.30 crore. The company attributed the profit surge to higher contributions from gas-based plants, growth in the distribution business, and a one-time tax reversal. A final dividend of ₹5.00 per equity share was recommended, and the board approved raising up to ₹3,000.00 crore through Non-Convertible Debentures.
11Apr 25
Torrent Power's Subsidiary Launches New Renewable Energy Venture
Torrent Power Limited's subsidiary, Torrent Green Energy Private Limited, has incorporated a new entity called Torrent Urja Projects Private Limited (TUPPL) on April 10, 2023. TUPPL will focus on developing renewable energy projects and providing EPC solutions for various infrastructure projects including thermal, hydroelectric, wind, solar, and green hydrogen initiatives. The new company has an authorized and paid-up share capital of ₹5,00,000, with TGEPL acquiring 100% of its equity. TUPPL aims to provide EPC solutions, consultancy services, and manage power generation facilities based on both conventional and non-conventional energy sources.
10Apr 25
Torrent Power Expands Renewable Energy Portfolio with New Subsidiary
Torrent Power Limited's subsidiary, Torrent Green Energy Private Limited, has incorporated a new entity named Torrent Urja Projects Private Limited (TUPPL) on April 10, 2025. TUPPL, with an authorized and paid-up share capital of ₹5,00,000, will focus on providing EPC solutions and developing renewable energy projects across various sources including solar, wind, hydro, and green hydrogen. The company will also offer engineering and management consultancy services for infrastructure development projects.
27Mar 25
Torrent Power Restructures Subsidiaries and Expands into Renewable Energy
Torrent Power has incorporated a new subsidiary, Torrent Urja 46 Private Limited (TU46), focusing on hydrogen and renewable energy. The company also executed internal restructuring by selling equity shares in four subsidiaries to Torrent Green Energy Private Limited for ₹467.41 crore. These moves signal Torrent Power's strategic push into the renewable energy sector and consolidation of green energy assets.
26Mar 25
Torrent Power Restructures Renewable Energy Portfolio, Sells 10 Subsidiaries to Torrent Green Energy
Torrent Power Limited has sold equity shares of 10 subsidiaries to its wholly-owned subsidiary, Torrent Green Energy Private Limited, for ₹474.26 crore. The transaction involves various renewable energy subsidiaries and is set to complete by March 31, 2025. The subsidiaries contribute ₹224.82 crore in revenue and have a net worth of ₹535.66 crore. This move appears to be a strategic restructuring of Torrent Power's renewable energy assets, potentially streamlining operations and positioning for future growth in the sector. Separately, Torrent Power faces a ₹2.31 crore penalty from the Income Tax Department, which it plans to appeal.
21Mar 25
Torrent Power Expands Renewable Energy Portfolio and Sells Subsidiary Equity Shares for ₹4.24 Billion
Torrent Power has incorporated two new renewable energy subsidiaries, Torrent Urja 42 and 43 Private Limited, through its wholly-owned subsidiary Torrent Green Energy Private Limited. Each subsidiary has an initial capital of ₹5.00 lakh and will focus on renewable energy generation, including hydrogen power. Additionally, the company has sold equity shares in an existing subsidiary, receiving ₹4.24 billion (approx. $51 million USD).