About Torrent Power Limited 

The company Torrent Power Limited operates as an integrated power utility since 2004 through its business activities in power generation (thermal and renewables) and transmission and distribution across India. The company serves 4.2 million customers through its 34 plants and 118 offices spread across 10 states and 1 union territory while operating without international facilities or export operations . The company operates its licensed distribution services through Ahmedabad and Gandhinagar and Surat and Dahej SEZ and Dholera SIR (Special Investment Region) and Mandal Bechraji SIR in Gujarat and through the Union Territory of Dadra & Nagar Haveli and Daman & Diu. 

The company operates as an integrated utility through its gas and coal based thermal plants and solar and wind assets while its operational generation capacity reaches 4.8 GWp and 3.2 GWp remains under construction. The company operates with a distribution loss rate of 2.34% in its licensed areas which stands as one of the lowest figures in the entire nation. The company operates through many subsidiaries throughout India. The reporting scope indicates that the Cables Manufacturing business operated within the group until its sale occurred on October 16, 2024 .

The company achieved its first Qualified Institutions Placement (QIP) on December 05, 2024 which brought in Rs 3,500 crore through an oversubscribed four times issue that marked the first equity raise for the Torrent Group since 1993. The National Company Law Tribunal approved a Scheme of Arrangement which allowed the transfer of Renewable Power Undertakings to Torrent Green Energy Private Limited through slump sale with an effective date of April 01, 2024.

Torrent Power Limited’s Business Segments

The company generates 85.59% of its revenue from Transmission & Distribution while Thermal Power Generation contributes 11.42% and Renewable Power Generation accounts for 1.87%. The company operates exclusively within India because it has no international business activities or export operations .

Torrent Power Limited’s Key Management

• Samir Mehta, Chairperson
• Jinal Mehta serves as Vice Chairman and Managing Director of the company .
• Jigish Mehta, Whole-time Director
• Saurabh Mashruwala serves as the Chief Financial Officer of the company .
• Rahul Shah serves as the Company Secretary of the organization .

Latest Updates on Torrent Power Limited 

• The company finished its QIP funding on December 05, 2024 by raising Rs 3,500 crore which received four times more subscriptions than available shares to enhance its financial position for growth initiatives.
• The NCLT approved the Scheme of Arrangement to transfer Renewable Power Undertakings to Torrent Green Energy Private Limited which became effective on April 01, 2024.
• Capacity build-out: The company added 510 MWp of solar power to its operations during the year and maintained a 3,154 MWp development pipeline that includes wind and solar and hybrid and commercial and industrial projects with more than Rs 20,000 crore in committed funding.
• The company entered into a deal with Maharashtra State Electricity Distribution Company Limited to deliver 2,000 MW/16,000 MWh of power through pumped hydro storage which establishes the company as a major player in long-duration storage infrastructure.
• The company implements two renewable power transmission projects at Khavda in Gujarat and Solapur in Maharashtra through investments totaling approximately Rs 1,300 crore.
• The 6-Star EFQM rating was achieved by Torrent Power’s distribution areas in Ahmedabad, Surat and Dahej which made the company the first Indian organization to receive this honor.
• Operations: Distribution loss reduced to 2.34% in licensed areas; in Agra (franchise area), AT&C losses declined to a record low of 6.94% in FY25 from 58.77% at takeover in 2010.