Torrent Power

Japan's JERA inks 10-year LNG export deal with Torrent Power from 2027

Looking ahead, JERA will continue to build a robust LNG portfolio across the Middle East, Asia, and the United States, to develop resilience against market volatility, the company said

Torrent Power Q2 results: Net profit jumps 50% to ₹724 cr, revenue up 9.8%

Torrent Power attributed the Q2 growth to a higher contribution from merchant power sales from its gas-based power plants and lower financial costs

HDFC Securities recommends Nifty outlook and two stocks to buy today

Vinay Rajani of HDFC Securities has recommended buying shares of TD Power and Torrent Power; here's why

Stocks to Watch today, Sept 24: Swiggy, Akzo Nobel, Cochin Shipyard, IHCL

Stocks to Watch today, September 24, 2025: IHCL, Swiggy, Akzo Nobel and other stocks will be in focus today; here's why

Torrent's UNM Foundation to maintain 69 lakes in Gujarat under MoU

Torrent Group's philanthropic arm, UNM Foundation, has signed memorandums of understanding (MoUs) with six civic bodies for the maintenance of 69 lakes across Ahmedabad and Gandhinagar districts, covering over 2 million square metres. The MoUs were exchanged on Tuesday at the Startup Conclave 2025 in Mahatma Mandir, Gandhinagar, in the presence of Union Home Minister Amit Shah. The agreements mark a major expansion of UNM Foundation's flagship environmental initiative, PRATITI. The civic bodies include Ahmedabad Municipal Corporation (AMC), Gandhinagar Municipal Corporation (GMC), Ahmedabad and Gandhinagar Jilla Panchayats, and the Kalol and Mansa Nagar Palikas. Torrent Group Director Jinal Mehta signed the MoUs with Ahmedabad Mayor Pratibhaben Jain, the conglomerate said in a statement. Chief Minister Bhupendra Patel and several state ministers were also present at the event. UNM Foundation vice-chairperson Sapna Mehta called the initiative a "significant milestone in the ...

Torrent Power jumps 7% on ₹22,000-cr investment in largest power project

Torrent Power shares rose 7 per cent after it secured a LoA to set up a coal-based thermal power project in Madhya Pradesh for ₹22,000 crore

Stocks to Watch today: RIL, Adani Power, Torrent Power, NCC, RBL Bank, NHPC

Stocks to Watch today: Reliance Industries, Adani Power, Torrent Power, NCC, Popular Vehicles and RBL Bank are among the stocks to watch today, September 1, 2025

Torrent Power Q1 results: Profit drops over 25% to ₹742 cr on lower demand

Torrent Power on Tuesday reported over 25 per cent dip in consolidated net profit to Rs 741.58 crore in the June quarter due to lower revenues from generation as well as transmission & distribution businesses over lower electricity demand. It reported a consolidated net profit of Rs 996.34 crore in the year-ago period, a BSE filing showed. Total income declined to Rs 8,011.04 crore during the quarter from Rs 9,110.02 crore in the same period a year ago. The company explained that while the company's underlying business remains resilient, the performance during the quarter was particularly impacted due to lower power demand following the early onset of monsoon and elevated gas prices, impacting merchant gains from gas-based generation. Adjusted for these, total comprehensive income remained comparable to the same quarter last year. The company remains well-positioned to navigate cyclical variations, supported by its diversified business operations, it stated. Torrent Power, the Rs

Torrent Electricals to invest over ₹1,000 cr in housing wire segment

Torrent Electricals on Tuesday said it plans to invest over Rs 1,000 crore in its newly-launched housing wire vertical over the next few years to expand manufacturing capacity and distribution network. A new entrant in the fast-growing segment, driven by rising power demand including renewables, the company recently rolled out its products in Gujarat and plans to expand to other states in subsequent phases. According to industry reports, the domestic wire and cable market size is estimated at USD 21.22 billion in 2025 and is projected to grow to USD 32.85 billion by 2030, at a compound annual growth rate (CAGR) of 9.14 per cent during 2025-2030. "The company will invest over Rs 1,000 crore in this segment over the next few years, with allocations across manufacturing expansion, quality assurance systems, distribution networks, and brand-building initiatives," Sachin Phartiyal, CEO, Torrent Electricals, said in a statement. The expansion into housing wires is a part of the company's

Torrent in talks to acquire L&T thermal unit in $1 billion deal: Report

Deliberations are ongoing and details of the potential transaction may change, the people said, adding that talks could also fall apart and other bidders might emerge

Early monsoon may dent power cos earnings in near-term, say analysts

By comparison, the BSE Sensex index has jumped by nearly 8 per cent during the period, while the BSE Power index has underperformed the benchmark, rising by 5.2 per cent.

Torrent Power up 2% on signing long-term SPA with BP Singapore Pte; details

Shares of Torrent Power Ltd rose in trade today after the company announced a long-term Sales and Purchase Agreement (SPA) with BP Singapore Pte. Limited, a subsidiary of global energy major bp.

Stocks to watch today, May 15: Tata Power, Eicher, SBI, JSW Energy, Godfrey

In the previous trading session, Sensex gained 182.34 points, or 0.22 per cent, to settle at 81,330.56 level. The Nifty50, meanwhile, closed 88.55 points, or 0.36 per cent higher at 24,666.90 level.

Torrent Power Q4 results: Net profit more than doubles to Rs 1,077 cr

Torrent Power on Wednesday posted an over two-fold (141 per cent) surge in its consolidated net profit at Rs 1,077.22 crore in March quarter compared to a year ago, mainly due to reversal of deferred tax liabilities of Rs 637.09 crore. The company had a consolidated net profit of Rs 447.04 crore in the quarter ended on March 31, 2024, a BSE filing showed. Total income slightly dipped to Rs 6,570.69 crore in the reporting quarter from Rs 6,625.45 crore in the same period a year ago. The company explained that the management has carried out detailed assessment of deferred tax on temporary differences that are expected to reverse during the period in which the company would be under the new tax regime. Accordingly, it applied the new income tax rate of 25.168 per cent as compared to the existing income tax rate of 34.944 per cent for measuring the said deferred tax in accordance with the requirements of Ind AS 12 "Income Taxes". This has resulted in reversal of deferred tax liabilitie

NTPC, Power Grid get new 'overweight' from JPMorgan on rising demand growth

The brokerage initiated coverage with a 'neutral' rating on Tata Power and Torrent Power while having an 'underweight' stance on JSW Energy

Torrent Power, Gama Infraprop win tender to supply gas-based power

NVVN is the nominated nodal agency for facilitating supply from gas-based power plants (GBPs) from March 25 to October 15, a period identified 'high-demand' this year

Hikal, Torrent Power: Top bets by Vinay Rajani of HDFC Sec for March 12

Hikal share price has broken out from bullish inverted head and shoulder pattern on the daily chart

Torrent Power Q3 results: PAT jumps 31% to Rs 489 cr on of higher revenues

Torrent Power on Tuesday posted a nearly 31 per cent rise in its consolidated net profit at Rs 489.33 crore compared to a year ago, mainly on the back of higher revenues due to increased sale of electricity from gas-based plants and gain from sale of non-current investments. The company had a consolidated net profit of Rs 374.13 crore in the quarter ended December 2023, Torrent Power said in a statement. Total income rose to Rs 6,671.25 crore in the reporting quarter from Rs 6,419.65 crore in the same period a year ago. The board also approved an interim dividend for 2024-25 of Rs 14 per equity share (or at the rate of 140 per cent) on 50,39,03,543 equity shares of Rs 10 each. The dividend will be remitted on or before March 06, 2025 to equity shareholders of the Company. The record date for the dividend is Wednesday, February 12, 2025. The company stated that the major reasons for higher profit is increase in contribution from gas-based power plants and gain on sale of non-curre

Adani Enterprises, Zomato, SpiceJet: 15 stks dip 27% below their QIP price

These 15 companies accounted for 70 per cent of total fund mobilisation of Rs 93,453 crore via QIP route in the past six months, according to PRIME Database.

Torrent Power to invest Rs 18K cr in thermal power plant in Madhya Pradesh

Investment proposals worth Rs 32,520 crore received at RIC Shahdol, over 30,000 jobs expected to be created