Torrent Power
1,311.80
-25.80(-1.93%)
Market Cap₹67,402.10 Cr
PE Ratio23.57
IndustryPower
Company Performance:
1D-1.93%
1M+3.65%
6M-17.55%
1Y-32.37%
5Y+331.23%
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More news about Torrent Power
06Aug 25
Torrent Power Accelerates Renewable Capex, Reports Q1 FY26 Results
Torrent Power announced Q1 FY26 financial results and renewable energy expansion plans. The company reported Rs 350 crore renewable energy capex in Q1, with plans to accelerate in H2. It has a 3 GW solar project pipeline and expects total capex of Rs 7,000-8,000 crore for FY26. Q1 revenue was Rs 7,906.37 crore, with profit after tax at Rs 741.58 crore. Lower figures compared to last year were attributed to early monsoon and high gas prices. The company's operational capacity is 4,881 MWp, with total generation and pumped storage capacity, including projects under development, at approximately 8 GWp and 3 GW respectively.
05Aug 25
Torrent Power Reports 26% Decline in Q1 Profit Amid Early Monsoon and High Gas Prices
Torrent Power's consolidated net profit dropped 26% year-on-year to ₹741.58 crore in Q1, with revenue falling 12.5% to ₹7,906.37 crore. The decline was attributed to lower power demand due to early monsoon and high gas prices affecting merchant gains. Despite overall decline, the renewable segment showed growth, and the distribution business improved operationally. The company's gas-based plants had mixed performance, while renewable assets, particularly wind power, demonstrated improved Plant Load Factor.
24Jul 25
Torrent Power in Talks to Acquire L&T's Thermal Power Unit for $1 Billion
Torrent Power Ltd. is reportedly in discussions to acquire Larsen & Toubro Ltd.'s thermal business unit for approximately $1.00 billion, including debt. The potential deal could significantly expand Torrent Power's presence in the thermal power sector while allowing L&T to raise cash and focus on its core engineering and construction business. Both companies are working with advisers on the potential transaction, which is still subject to change.
26Jun 25
Torrent Pharma Secures Short-Term Funding with ₹300 Crore Commercial Paper Issue
Torrent Pharmaceuticals has issued commercial papers worth ₹300.00 crore. This move suggests the company is actively managing its short-term financial needs. Commercial papers are unsecured, short-term debt instruments often used as a cost-effective alternative to bank loans. The funds could be used for working capital management, demonstrating financial flexibility, and potentially reducing borrowing costs. The successful issuance may indicate market confidence in Torrent Pharmaceuticals' financial health.
25Jun 25
Torrent Power Eyes Expansion as MERC Considers Parallel Discom Services in Pune and Nagpur
The Maharashtra Electricity Regulatory Commission (MERC) is set to approve parallel distribution company services in Pune and Nagpur. This decision could introduce competition in electricity distribution, potentially improving services for consumers. Torrent Power is mentioned in connection with this development, suggesting possible involvement in Maharashtra's electricity distribution market. The move aligns with efforts to enhance efficiency and consumer choice in the power sector, potentially leading to increased competition, improved service quality, and innovative offerings.
13Jun 25
Torrent Power Subsidiary Secures 300 MW Solar Project from SECI
Torrent Green Energy Pvt Ltd, a subsidiary of Torrent Power Limited, has received a Letter of Award from Solar Energy Corporation of India (SECI) for a 300 MW solar project. The project comes with a tariff of ₹3.97 per unit and an estimated investment of ₹26.50 billion. This award marks a significant expansion of Torrent Power's renewable energy portfolio and aligns with India's push towards increasing renewable energy capacity.
12Jun 25
Torrent Power Subsidiary Secures 300 MW Wind Project from SECI
Torrent Power's subsidiary, Torrent Green Energy Pvt Ltd, has been awarded a 300 MW wind power project by the Solar Energy Corporation of India (SECI). The project has a tariff of ₹3.97 per unit and requires an estimated investment of ₹2,650 crore. Expected to be commissioned within 24 months of PPA signing, this addition increases Torrent's renewable capacity under development to 3.30 GWp.
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).
Torrent Power
1,311.80
-25.80
(-1.93%)
1 Year Returns:-32.37%
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