Torrent Power Limited
1,204.00
INR
+22.10
(+1.87%)
Torrent Power Limited
NSE:TORNTPOWER
(National Stock Exchange of India)
Recent
price
1,204.00
P/E
ratio
30.69
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Torrent Power Limited, an integrated power utility promoted by the Torrent Group, generates, transmits and distributes electricity in India; it also manufactures and supplies power cables through its cables business. The company operates thermal power plants with 3,454 MW capacity comprising gas-based facilities such as the 1,530 MW SUGEN plant near Surat and the 1,200 MW DGEN plant at Dahej SEZ, alongside a 362 MW coal-based Sabarmati Thermal Power Station; its renewable portfolio includes 1,236 MW from wind and solar plants across Gujarat, Karnataka and Maharashtra, yielding a total installed generation capacity of 4,328 MW. Torrent Power transmits power via 400 kV double circuit lines including 249 km from SUGEN and 105 km from DGEN to off-take centers, and distributes electricity to over 4.13 million customers in license areas encompassing Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera SIR in Gujarat; Dadra & Nagar Haveli, Daman and Diu; Bhiwandi, Shil-Mumbra-Kalwa in Maharashtra; and Agra in Uttar Pradesh, achieving among India's lowest T&D losses of approximately 6.5% in Gujarat operations. Headquartered in Ahmedabad, Gujarat, and founded in 2004 through the merger of Torrent Group power entities including acquisitions of Ahmedabad Electricity Company and Surat Electricity Company, the company serves commercial, industrial and residential customers with 24x7 services and low AT&C losses such as 14.9% in Bhiwandi. Recent developments include a Rs 211 crore acquisition of stakes in Newzone India Pvt Ltd in September 2025 to bolster its renewable energy portfolio; plans for Rs 500 billion capex over three to four years targeting 10 GW renewable capacity by 2030 from 1.75 GW currently, with Rs 200 billion for renewables, Rs 140 billion for 3,000 MW pumped storage hydro and Rs 160 billion for transmission and distribution upgrades; a 200 MW firm dispatchable renewable energy tender with battery storage launched in August 2025; acquisition of 156 MW wind power plants from CESC Limited; and ongoing talks as of November 2025 to acquire a Larsen & Toubro unit for $1.2 billion to expand operations.