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Torrent Power

Overview

Torrent Power Limited is an Indian integrated power utility engaged in the generation, transmission and distribution of electricity. It is the flagship company of the Torrent Group's energy business and is headquartered in Ahmedabad, Gujarat. The company operates licensed distribution franchises in several Indian cities and owns a portfolio of thermal and renewable generation assets.

Key facts

Name Torrent Power Limited
Industry Electric utility
Sector Power generation, transmission and distribution
Headquarters Ahmedabad, Gujarat, India
Parent group Torrent Group
Listings BSE, NSE

Background

Torrent Power is part of the Torrent Group, which was founded by U. N. Mehta and which also has significant interests in pharmaceuticals through Torrent Pharmaceuticals. The power business of the group was consolidated under Torrent Power Limited, bringing together generation assets and the distribution licences that the group had acquired or taken over in Gujarat and other states.

Operations

Distribution

Torrent Power supplies electricity as a licensed distributor in the Ahmedabad, Gandhinagar and Surat areas of Gujarat. It also operates distribution franchise arrangements in cities outside Gujarat, including Bhiwandi in Maharashtra and Agra in Uttar Pradesh, where the company manages distribution on behalf of the respective state utilities.

Generation

The company owns and operates gas-based thermal power stations, with major facilities at locations such as Sugen and Unosugen in Gujarat, along with coal-based capacity and a growing portfolio of renewable energy projects covering wind and solar generation across multiple Indian states.

Transmission

Torrent Power operates transmission infrastructure linked to its distribution licence areas and has interests in inter-state transmission projects developed on a public–private basis.

Significance

Torrent Power is among the larger private sector integrated power utilities in India and is one of the few private licensees authorised to undertake retail electricity distribution in major urban areas. Its distribution franchise model in Bhiwandi is widely cited as an early example in India of a private operator being engaged to reduce aggregate technical and commercial losses in a state-owned distribution circle.

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