The shares of the leading power transmission company gained up to 9 percent after the company came into subscription and shareholders agreement for the supply of power from renewable energy.
With a market capitalization of Rs 93,999.03 crore, the shares of Torrent Power Ltd were trading at Rs 1,955.80 per share, increasing around 8 percent as compared to the previous closing price of Rs 1,817.15 apiece
Reason for Rise:-
Today, the shares of the company have seen positive movement after Torrent Power Ltd signed a subscription and shareholders agreement with the Lakshmi Mills Company Limited (“TLMCL”) and Torrent Urja 17 Private Limited (“TU17”) for the supply of power from renewable energy sources of 8.5 MWp Solar Power through open access from the Project of TU17 to the production units of TLMCL.
Moreover, the Company holds 10,000 Equity Shares of ₹ 10 each aggregating to ₹ 1,00,000 Ordinary Equity Share Capital of TU17 and is a Wholly Owned Subsidiary of the Company before the execution of SSSA.
Financial performance:-
Analyzing the company’s financial condition, revenue ramped up by 23 percent from Rs 7,328 crore in Q1FY24 to Rs 9,034 crore in Q1FY25, during the same time frame net profit magnified significantly by 87 percent from Rs 532 crore to Rs 996 crore.
In Q1 FY’25, the company reported a PBT of ₹1,315 crores, an 85% YoY increase. Adjusted PBT grew 71% to ₹1,213 crores. Key drivers included ₹517 crores from merchant power and LNG sales, along with improved thermal generation PLF from 40% to 60%.
Installed capacity:-
The company has 4.4 GWp of installed generating capacity, including 2.7 GW of gas, 1.3 GWp of renewable, and 362 MW of coal. Additionally, around 3.1 GWp of renewable energy projects are now in development. Total generation capacity, including projects in advanced stages of development, is around 7.5 GWp.
Project Highlights:-
The company has 3 GW of renewable power capacity in the pipeline. Highlights include the 420 MWp solar project, with 87.7 MWp commissioned, and full capacity expected by Q2 FY’25. Other key projects are the 300 MW SECI XII wind project, with a SCOD extended to January 2026, and the 200 MW hybrid project, set for commissioning by December 2025.
Additionally, the company is developing transmission projects, including the Khavda project, with an estimated cost of over ₹800 crores, and the Solapur project, costing around ₹470 crores. The C&I portfolio has 538 MWp under development, with 35 MWp already commissioned.
Investment plans:-
The company plans to invest around ₹20,000 crores over the next 3-4 years in renewable energy and transmission projects. These investments will drive capacity expansion and infrastructure development to support its growing portfolio in solar, wind, and hybrid energy projects.
Additionally, the company is venturing into green hydrogen with a pilot project in Uttar Pradesh expected by Q2 FY’25, and 18 KTPA allocated under SECI’s PLF tender. It has also identified potential for 8.4 GW pump storage hydro capacity in Maharashtra and Uttar Pradesh, requiring a total investment of ₹40,000 crores.
Company profile:-
Torrent Power Ltd is a significant integrated power utility firm in India that generates, transmits, and distributes power. Its operations span Gujarat, Maharashtra, Uttar Pradesh, and Karnataka.
Written by:- Abhishek Singh
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