One of the power stocks engaged in integrated power utility operations, encompassing power generation, transmission, distribution, and manufacturing of power cables in India. The stock is in focus after planning to invest Rs 18,000 crore in a thermal power plant in Madhya Pradesh.
Stock Price Movement
In Monday’s trading session, Torrent Power Limited’s share jumped to an intraday high of 2.23 percent from the previous close of Rs. 1479.70. The stock opened at Rs. 1462.15 and is currently trading at Rs. 1512.70, with a high of Rs. 1512.70 and a low of Rs. 1462.15. The market capitalization now stands at approximately Rs. 75,900.47 crore.
What Happened
Torrent Power Limited has announced to investment of Rs 18,000 crore in setting up a thermal power plant in Madhya Pradesh will significantly benefit the company by expanding its power generation capacity. This investment will not only strengthen its presence in the energy sector but also generate direct and indirect employment for over 7,000 people.
According to Naveen Kumar Singh, the Vice President of Torrent Power Limited, “The investment policy of Madhya Pradesh is completely favourable for industries. Investment proposals are being approved here within the stipulated time frame. There are good facilities for electricity, water, and infrastructure.” Further, he mentioned that Torrent Power Limited plans to establish a modern technology-based thermal power plant in the state.
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Installed capacity
The company’s total installed capacity, including its pipeline, stands at 7,559 MWp, with a significant focus on renewable energy. Gas-based plants account for 2,730 MW (36%) and coal-based plants for 362 MW (5%), with no further expansions planned in these sectors.
The renewable energy pipeline is 4,467 MW (59%), with wind contributing 2,295 MW (30%) and solar 2,172 MW (29%). Once the pipeline is completed, the company’s renewable energy share will rise to 59%, while thermal power’s share will reduce to 41%. The total estimated project cost for the renewable energy pipeline is Rs. 19,316 Crore.
Expansion Plans
Torrent Power Limited has ambitious future plans, aiming to expand its renewable energy portfolio to 4.4 GW, with a current pipeline of 3,225 MWp. The company is planning 8.4 GW of pumped storage projects in Maharashtra and Uttar Pradesh, along with significant transmission projects like the 4.5 GW RE power evacuation in Khavda, Gujarat.
Additionally, Torrent Power has been awarded 18 KTPA capacity for Green Hydrogen production and continues to focus on strategic investments in complex hybrid solutions and brownfield opportunities.
Recent quarter results
Torrent Power Limited’s revenue has increased from Rs. 6,961 crore in Q2 FY24 to Rs. 7,176 crore in Q2 FY25, which has grown by 3.09 percent. The net profit is down by 8.66 percent, from Rs. 543 crore in Q2 FY24 to Rs. 496 crore in Q2 FY25.
Written By – Nikhil Naik
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