Torrent Power through its subsidiary -- Torrent Urja 8 has entered into Power Transfer agreement with subsidiaries of Shapoorji Pallonji & Company (SPCPL) for supply of 132 MW Solar Power for its Desalination Plants in the state of Gujarat.
The estimated project cost of the 132 MW project is Rs 700 crore. Torrent Power’s installed Renewable capacity is around 1.18 GW, and total power generation capacity of around 4.2 GW. With the signing of this 132 MW contract, Torrent now has 0.73 GW of Renewable capacity under different stages of development.
Torrent has been strategically focusing on the C&I segment for some time and has established itself as a credible player in the C&I space. In line with its sustainability commitments and the Government’s aim to achieve 500 GW of non-fossil fuel capacity by 2030, Torrent’s growth focus in Power Generation remains on Renewables. With a balanced Wind and Solar portfolio, it is also working on other Green Energy pathways of Pumped Hydro and Green Hydrogen.
Torrent Power, with a turnover of Rs 25,694 crore (around $3 billion) is the integrated power utility of the diversified Torrent Group with group revenues of Rs 37,600 crore (around $4.5 billion) and a Market Cap of around Rs 1,00,000 crore (around $12 billion). It is one of the largest power companies in India with presence across the entire power value chain of generation, transmission, and distribution.
Torrent Power is an integrated utility engaged in the business of power generation, transmission and distribution with operations in the states of Gujarat, Maharashtra and Uttar Pradesh.
| Company Name | CMP |
|---|---|
| NTPC | 397.90 |
| Tata Power | 433.65 |
| Adani Power | 200.80 |
| Power Grid Corp | 319.60 |
| Torrent Power | 1605.70 |
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