In Short : Torrent Power delivered a strong financial performance in the third quarter, recording a 34 percent increase in net profit to ₹655 crore. The growth was supported by higher electricity demand, improved operational efficiencies, and solid performance across its generation and distribution businesses, reflecting the company’s strategic focus on profitability and long-term sustainable […]
Torrent Power Bets ₹1 Lakh Crore on Energy Expansion While Building New B2C Platforms, Says Vice Chairman and MD Jinal Mehta – EQ
In Short : Torrent Power has outlined an ambitious ₹1 lakh crore investment plan across the energy value chain while simultaneously developing new B2C platforms, according to Vice Chairman and MD Jinal Mehta. The strategy reflects the company’s focus on long-term growth, diversification, and customer-centric innovation, positioning Torrent Power to capitalize on India’s evolving energy […]
Torrent Power Invests ₹211 Crore to Strengthen Renewable Energy Portfolio via Newzone India Acquisition – EQ
In Short : Torrent Power has invested ₹211 crore to acquire stakes in Newzone India Pvt Ltd and its holding firm. The acquisition will help expand Torrent Power’s renewable energy portfolio and strengthen its clean energy presence in India. This move reflects the company’s strategy to accelerate sustainable growth and support the nation’s transition toward […]
Torrent Power Launches 200 MW FDRE Tender with Battery Storage to Strengthen Grid Reliability – EQ
In Short : Torrent Power has invited bids for 200 MW of Firm and Dispatchable Renewable Energy (FDRE) with battery storage, plus a 100 MW greenshoe option. Open to solar, wind, or hybrid projects, the tender requires ISTS connectivity, strict performance criteria, and BIS-approved technologies. The 25-year PPA aims to boost reliable, renewable-based power supply […]
Suzlon and Torrent Power achieve 1 GW wind energy milestone – EQ
In Short : Suzlon and Torrent Power have successfully achieved a major milestone by generating 1 GW of wind energy. This accomplishment highlights their commitment to renewable energy and sustainable power solutions. The partnership plays a crucial role in India’s renewable energy goals, contributing significantly to the country’s clean energy capacity. The achievement also underscores […]
Torrent Power zooms 7%, nears record high on signing MoU with Gujarat govt – EQ
In Short : Torrent Power’s stock surged 7%, approaching a record high after the company signed a Memorandum of Understanding (MoU) with the Gujarat government. The deal involves developing renewable energy projects in the state, further strengthening Torrent Power’s position in the green energy sector. The company’s ongoing efforts in expanding its clean energy portfolio […]
Torrent Power commits to Rs 64,000 crore investment in renewables by 2030 – EQ
In Short : Torrent Power has committed to investing ₹64,000 crore in renewable energy by 2030. The company aims to significantly expand its clean energy portfolio, aligning with India’s broader push for sustainability and the transition to greener power sources. This investment is part of Torrent Power’s strategy to contribute towards the country’s renewable energy […]
Torrent Power Q1 result: Net profit up 88% at Rs Rs 972 cr on robust demand – EQ
In Short : Torrent Power’s Q1 results show an 88% increase in net profit, reaching Rs 972 crore, driven by robust demand. This significant growth highlights the company’s strong market performance and effective strategies in meeting energy needs. In Detail : Heatwaves and increasing economic activity have resulted in India’s electricity generation growing at an […]
Torrent Power Secures 150 MW Renewable Energy Supply – EQ
In Short : Torrent Power has successfully secured a 150 megawatt (MW) renewable energy supply, indicating its commitment to expanding its renewable energy portfolio and contributing to India’s sustainable energy goals. In Detail : Torrent Power, a leading power utility company, has been awarded a Letter of Award (LoA) to supply 150 megawatts (MW) of […]
Torrent Power Initiates 450 MW Hybrid Projects – EQ
In Short : Torrent Power has commenced the development of 450 MW hybrid projects, showcasing its commitment to integrating renewable energy sources into its power generation portfolio. In Detail : Torrent Power, a leading integrated power utility company, has announced the commencement of 450 MW hybrid renewable energy projects. This strategic move is poised to […]