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Torrent Power Ltd. Company Research Report



Company Overview


Name


Torrent Power Ltd.

Mission of the Company


Transforming life by serving two of the most critical needs - healthcare and power.

Founded


Torrent Power was established as part of the Torrent Group much before the liberalization of the power sector.

Founders


No information is available.

Key People


No specific key people information is available.

Headquarters


"Samanvay", 600, Tapovan, Ambavadi, Ahmedabad-380015, Gujarat, India.

Number of Employees


No information is available.

Revenue


No information is available.

Known For


- Leading brand in the Indian power sector.
- One of the most experienced private sector players in Gujarat.
- Fully integrated power company encompassing the entire value chain of the power industry.
- Manufacturing and supply of power cables.
- Transforming lives through uninterrupted power supply and 24X7 customer care initiatives.

Products


Generation


- Generation Capacity: 4328 MW (3454 MW Thermal, 1236 MW Renewable)
- Key Features: Utilizes the latest technologies for high thermal efficiency. State-of-the-art gas-based plants with environmental efficiency and in-built design features.

Transmission


- Transmission Capacity: 249 km and 105 km of 400kV double circuit transmission lines, 129 km 3 x 220 KV dedicated lines, and other transmission lines for evacuating power.
- Key Features: Ensures efficient power transmission from generation plants to distribution centers.

Distribution


- Customer Base: Over 4.13 million customers.
- Key Features: Known for efficiency with one of the lowest T&D losses.
- Operating Areas: Ahmedabad, Gandhinagar, Surat, Dahej SEZ, Dholera SIR (Gujarat), Union Territory of Dadra & Nagar Haveli, Daman & Diu, Bhiwandi, Shil, Mumbra, Kalwa (Maharashtra), Agra (Uttar Pradesh).

Power Cables


- Manufacturing Capability: Up to 132 kV XLPE Cables.
- Key Features: Market leader in HT Power Cable segment.

Recent Developments


New Products and Features


- No new product launches information available.

Acquisitions


- Acquired a 50 MW Solar Power Plant from Lightsource bp and UKCI (July 30, 2021).
- Acquired 156 MW Wind Power Plants from CESC Limited (September 21, 2021).

Partnerships and Awards


- Award: Historically, the first company in India awarded Distribution Franchisee for Bhiwandi Circle in December 2006.
- Awards from British Safety Council: "Sword of Honour" and "Globe of Honour" awards (January 21, 2022).

Financial Results Announcements


- Regular quarterly financial results announced for various fiscal years from Q4 FY 2020-21 to Q4 FY 2023-24.

News & Events


Notable News


- Torrent Power reported Q4 FY 2023-24 results on May 20, 2024.
- Previously reported Q4 FY 2022-23 results on May 29, 2023 and other quarterly results.
- Emerged as the highest bidder for 51% privatization of Power Distribution Company in the UT of Dadra & Nagar Haveli and Daman & Diu (February 20, 2021).

Historical Milestones


- Distribution franchise awarded for Shil, Mumbra & Kalwa sub-divisions under Thane Urban Circle, Maharashtra in 2019.
- Distribution license for Dholera Special Investment Region (Gujarat) in FY 19.

Contact Information


- Address: "Samanvay", 600, Tapovan, Ambavadi, Ahmedabad-380015, Gujarat, India.
- Phone: +91-79-26628000
- Fax: +91-79-26764159

Conclusion


Torrent Power Ltd. is recognized for its robust presence across the entire power sector value chain, from generation to distribution, including the manufacturing of power cables. Through strategic acquisitions and efficient operational practices, it continues to ensure a stable and innovative power supply to millions of consumers.