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Torrent Power signs long-term SPA with JERA

08 Dec 2025 Evaluate

Torrent Power has signed a long-term Sale and Purchase Agreement (SPA) with JERA Co., Inc. (JERA), Japan’s largest power generation company and a global leader across the LNG value chain, for supply of up to 0.27 MMTPA of LNG for a period of 10 years starting from 2027.

The LNG procured under this agreement will be strategically utilized by the company, including to operate its 2,730 MW Combined Cycle Gas-Based Power Plants (GBPPs) in India to meet the country’s rising power demand, peak demand periods’ support, and balancing the Renewables. It will also support the Torrent Group’s City Gas Distribution (CGD) arm - Torrent Gas’s (TGL), growing requirement of LNG to ensure reliable supply of gas for households, commercial and industrial consumers and CNG vehicles.

This agreement represents a significant strategic move, reaffirming the company’s commitment for clean energy, securing competitively priced LNG for long-term power generation and gas distribution, and contributes to the Government of India's goal of increasing natural gas’s share in the energy mix to around 15% by 2030 as well as strengthening India’s energy security.

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.


Torrent Power Share Price

1605.70 40.40 (2.58%)
20-Apr-2026 16:59 View Price Chart
Peers
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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