A diversified conglomerate renowned in renewable energy and power has secured a major milestone. Its green energy subsidiary received two Letters of Award from SECI for 300 MW wind projects. The contract features a fixed tariff, expanding its sustainable infrastructure footprint significantly.
Torrent Power Limited’s stock, with a market capitalisation of Rs. 71,045 crores, rose to Rs. 1,416.70, hitting a high of up to 1.27 percent from its previous closing price of Rs. 1,398.90. However, the stock over the past year has given a negative return of 11.9 percent.
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Torrent Green Energy Private Limited, a subsidiary of Torrent Power, has successfully won a 300 MW wind power project through competitive bidding. The company received the Letter of Award from Solar Energy Corporation of India (SECI). This project will generate electricity at a rate of Rs. 3.97 per kWh and must be completed within 24 months, requiring an investment of approximately Rs. 2,650 crores.
Current Capacity
Torrent Power currently operates a total installed generation capacity of 4,838 MW across different energy sources. This includes 2,730 MW from gas-based power plants, 1,746 MW from renewable energy sources, and 362 MW from coal-based power plants. The company is also developing additional renewable projects worth 3,279 MW and pump storage capacity of 3,000 MW, which will significantly boost their total capacity to 8,117 MW once completed.
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Expanding Renewable Energy Portfolio
This new project is part of Torrent Power’s strategic focus on renewable energy as a key growth area. With this addition, the company’s renewable energy capacity under development will reach 3.3 GW (gigawatts). The company is working towards India’s national goal of achieving 500 GW of clean energy capacity by 2030. Besides wind and solar power, Torrent is also exploring other green energy options like pumped hydro storage and green hydrogen production to create a well-rounded sustainable energy portfolio.
Q4 Financial Highlights
The company reported revenue of Rs. 6,456 crore in Q4FY25, compared to Rs. 6,529 crore in Q4FY24 and Rs. 6,499 crore in Q3FY25, reflecting a slight decline of 0.7 percent year-on-year and a flat sequential performance. Despite this, the company has delivered a strong 3-year sales CAGR of 27 percent, indicating consistent long-term growth.
Net profit stood at Rs. 1,077 crore in Q4FY25, up from Rs. 447 crore in Q4FY24 and Rs. 489 crore in Q3FY25, marking a year-on-year growth of 141 percent and a sequential rise of 120 percent. The 3-year profit CAGR stands at 51 percent, while return on equity has grown at a 3-year CAGR of 18 percent, highlighting strong profitability and improved shareholder returns.
Written By Fazal Ul Vahab C H
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