2405:201:D002:39CC:28D4:73AC:19A5:E12A at 05:14, 24 August 2021

2021-08-24T05:14:14Z

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{{Short description|Indian enery and Power company}}
{{Use dmy dates|date=November 2018}}
{{Use Indian English|date=November 2018}}
{{Infobox company
| name = Torrent Power Limited
| logo = [[File:Torrent Power logo.svg|Torrent Power logo|200px]]
| type = [[Public company|Public]]
| traded_as = {{plainlist|
*{{BSE|532779}}
*{{NSE|TORNTPOWR}}}}
| ISIN = INE813H01021
| foundation = {{start date and age|1996}}
| location = [[Ahmedabad]], [[Gujarat]], India
| industry = [[Energy industry|Energy]]
| products = Sale and distribution, [[electricity generation]] and [[electricity distribution|distribution]], [[wind power]], [[Commodity markets|energy trading]]
| key_people = {{plainlist|
*Sudhir Mehta
*Samir Mehta}}
| revenue = {{increase}} {{INRConvert|12172|c}} (2021<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/powergenerationdistribution/torrentpower/TP14|title=Torrent Power Ltd. Financial Statements |website=moneycontrol.com}}</ref>
| operating_income = {{increase}} {{INRConvert|1429|c}} (2020)<ref name="Financials"/>
| net_income = {{increase}} {{INRConvert|1295|c}} (2021)<ref name="Financials"/>
| assets = {{increase}} {{INRConvert|20972|c}} (2021)<ref name="Financials"/>
| equity = {{increase}} {{INRConvert|8672|c}} (2020)<ref name="Financials"/>
| num_employees = 7,874 (2020)<ref name="Financials"/>
| parent = [[Torrent Group]]
| homepage = {{url|www.torrentpower.com/}}
}}

'''Torrent Power''' is an Indian [[energy]] and [[Electric power|power]] company, having interests in [[Electricity generation|power generation]], [[Electric power transmission|transmission]], [[Electric power distribution|distribution]] and manufacturing and supply of [[power cable]]s.<ref>{{Cite news|title=Torrent Power Ltd.|work=Business Standard India|url=https://www.business-standard.com/company/torrent-power-18488/information/company-history|access-date=2021-07-25}}</ref> The company distributes power to over 3.65 million customers annually in its distribution areas of [[Ahmedabad]], [[Gandhinagar]], [[Surat]], [[Dahej Port|Dahej SEZ]] and [[Dholera|Dholera SIR]] in [[Gujarat]]; [[Bhiwandi]], [[Shil Phata|Shil]], [[Mumbra]] and [[Kalwa, Thane|Kalwa]] areas of [[Mumbai Metropolitan Region]] in [[Maharashtra]]; and [[Agra]] in [[Uttar Pradesh]].<ref>{{Cite news|title=Torrent Power Q1 results: Profit up 35% at Rs 374 cr|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/earnings/torrent-power-q1-results-profit-up-35-at-rs-374-cr/articleshow/77400300.cms?from=mdr|access-date=2021-07-25}}</ref> The T&D losses in license areas of the company is amongst the lowest in the country.

==History==
[[Torrent Group]] took-over and successfully turned around an ailing power cable company Mahendra Electricals,<ref>{{Cite web|date=2018-02-08|title=Torrent Power puts in place succession plan|url=https://indianexpress.com/article/business/companies/torrent-power-puts-in-place-succession-plan-5055943/|access-date=2021-07-25|website=The Indian Express|language=en}}</ref> renaming it as ‘Torrent Cables Ltd.’ (now merged with Torrent Power w.e.f. 1 April 2014). The high points of Torrent’s foray into power however were the acquisitions of two of the India’s oldest utilities – The Surat Electricity Company Ltd and The Ahmedabad Electricity Company Ltd. In 1997, the company completed its acquisition of the Ahmedabad Electricity Company by purchasing the entire 28.89% stake held by the Gujarat government.<ref>[http://www.indianexpress.com/res/web/pIe/ie/daily/19970804/21650353.html Nod for Rs 400-cr Torrent issue]. [[Indian Express]]</ref> This acquisition formed what was then known as Torrent Power AEC Limited. Similarly, after acquiring the Surat Electricity Company in the same deal, Torrent Power SEC Limited was formed. Torrent turned them into first rate power utilities, in terms of operational efficiencies and reliability of power supply.

In 2005, the parent company, [[Torrent Group]] floated the company Torrent Power Generation to further expand into the power business. In 2006, the three power-related companies of [[Torrent Group]], Torrent Power AEC Ltd, Torrent Power SEC Ltd, and Torrent Power Generation Ltd were merged to form Torrent Power.<ref>[http://www.thehindubusinessline.in/bline/blnri/2006/03/24/stories/2006032403460300.htm Torrent group merges power cos]. [[Business Line]]</ref>
Torrent Power created history by entering into the country’s first distribution franchisee agreement with [[Maharashtra State Electricity Distribution Company Limited]] for Bhiwandi Circle in December 2006. In 2009 it was awarded the distribution franchise for [[Agra]] in [[Uttar Pradesh]]. During FY 19 the Company was awarded distribution license for [[Dholera]] Special Investment Region (in [[Gujarat]]) and distribution franchise for Shil, Mumbra & Kalwa (SMK) area in [[Mumbai Metropolitan Region]] of [[Maharashtra]].

==Operations==
[[File:SabarmatiThermalPlant.jpg|thumb|Torrent Power thermal power station at Sabarmati, Ahmedabad. It is one of the oldest thermal plants in India (1934)]]

===Generation===
Torrent Power has an aggregate generating capacity of 3879 MW with a unique mix of [[Coal-fired power station|coal based]], [[Gas-fired power plant|gas based]], and [[Renewable energy|renewable power plants]] comprising:
*1530 MW (4 Single Shaft Units of 382.5 MW each) SUGEN gas based mega [[combined cycle power plant]] in Akhakhol village near [[Surat]] - largest [[private sector]] [[Gas-fired power plant|gas based]] power plant in India.
*1200 MW (3 Single Shaft Units of 400 MW each) DGEN gas based mega [[combined cycle power plant]] in [[Dahej Port|Dahej SEZ]].
*362 MW (1 unit of 120 MW and 2 units of 121 MW each) coal based [[Sabarmati Thermal Power Station]] at Sabarmati, [[Ahmedabad]]
*786.5 MW Renewable plants (Wind - 648.5 MW and Solar - 138 MW) spread across [[Jamnagar]], Charanka, Akhakhol near [[Surat]], [[Kutch]], [[Rajkot]], [[Bhavnagar]] in [[Gujarat]]; [[Gulbarga]] & [[Raichur]] in [[Karnataka]] and [[Osmanabad]] in [[Maharashtra]].

===Transmission===
Torrent Power operates 400 kV double circuit transmission lines implemented by it, for evacuating power generated at SUGEN and DGEN plant to various off-take centres.
*SUGEN to [[Ahmedabad]] Distribution Area - 400 KV Double Circuit Line to [[Power Grid Corporation of India|PGCIL]]'s Pirana Substation in [[Ahmedabad]] implemented through Torrent Power Grid Limited, a Joint venture with [[Power Grid Corporation of India|PGCIL]] in which Torrent has 74% stake.
*SUGEN to [[Surat]] Distribution Area and to [[Gujarat Energy Transmission Corporation|GETCO]] - 3 x 220 KV dedicated transmission lines to cater to power requirements of [[Surat]] distribution area and 220 KV line to [[Kim, Gujarat|Kim]] substation of [[Gujarat Energy Transmission Corporation|GETCO]].
*DGEN to [[Power Grid Corporation of India|PGCIL]]'s [[Navsari]] sub-station - 400 kV Double Circuit line
*Other transmission networks include 220/132 kV transmission system in [[Ahmedabad]] distribution area.

===Distribution===
The company distributes power to over 3.65 million customers annually in its distribution areas of [[Ahmedabad]], [[Gandhinagar]], [[Surat]], [[Dahej Port|Dahej SEZ]] and [[Dholera|Dholera SIR]] in [[Gujarat]]; [[Bhiwandi]], [[Shil Phata|Shil]], [[Mumbra]] and [[Kalwa, Thane|Kalwa]] areas of [[Mumbai Metropolitan Region]] in [[Maharashtra]]; and [[Agra]] in [[Uttar Pradesh]].
The T&D losses in license areas of the company is amongst the lowest in the country. The T&D losses in Gujarat at 6.54% is amongst the lowest in the country.
Torrent Power has managed reduction in AT&C losses in [[Bhiwandi]] from 58% at the time of takeover to 14.90% in FY 2018-19, and from 58.77% at the time of takeover to 16.11% in FY 2018-19 in [[Agra]].

===Cables===
The Cables Unit manufactures Power & Control Cables and is one of the market leaders in HT Power Cable segment with a manufacturing capability of up to 132 kV XLPE Cables.

==References==
{{Reflist}}

==External links==
* {{Official website|http://www.torrentpower.com/}}

{{PCOI}}
{{Torrent Group}}
{{Nifty 200 companies}}

[[Category:Companies based in Ahmedabad]]
[[Category:Electric power companies of India]]
[[Category:Energy companies established in 1996]]
[[Category:Energy in Maharashtra]]
[[Category:Torrent Group]]
[[Category:1996 establishments in Gujarat]]
[[Category:Indian companies established in 1996]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Torrent Power - Revision history

2405:201:D002:39CC:28D4:73AC:19A5:E12A at 05:14, 24 August 2021