Larsen & Toubro Limited (L&T) has completed the divestment of its subsidiary, Nabha Power Limited (NPL), to Torrent Power Limited following receipt of the required regulatory approvals, including clearance from the Competition Commission of India (CCI). The transaction, first announced on February 16, 2026, involved L&T’s wholly owned subsidiary, L&T Power Development Limited (L&T PDL),…
Torrent Power Limited reported its financial results for the quarter and year ended March 31, 2026, while outlining major investments across thermal power, renewable energy and energy storage projects aimed at expanding its long-term generation portfolio. On a consolidated basis, revenue from operations for FY2025-26 stood at Rs 28,966 crore, marginally lower than Rs 29,165…
Torrent Power Limited has entered into a 10-year liquefied natural gas (LNG) Sale and Purchase Agreement with JERA to secure long-term fuel supply for its gas-based power operations. The agreement provides for supply of up to 0.27 million metric tonnes per annum (MMTPA) of LNG starting from 2027. The LNG will be used to operate…
Torrent Power Limited has completed the acquisition of two companies owning land earmarked for a thermal power project in Madhya Pradesh. The company purchased 100 per cent of Newzone Power Projects Private Limited (NZPPPL) and 49 per cent of Newzone India Private Limited (NZIPL) from the Sarawagi Family and related Hindu Undivided Families. The total…
Torrent Power Limited has received a Letter of Award (LoA) from MP Power Management Company Limited (MPPMCL) to supply electricity from a proposed 1,600 MW coal-based thermal project in Madhya Pradesh. The disclosure was made on August 30, 2025. The project will consist of a 2×800 MW ultra-supercritical greenfield power plant to be developed under…
Uttar Pradesh Chief Minister Yogi Adityanath, on August 17, 2025, inaugurated the state’s first green hydrogen plant at Khanimpur village in Gorakhpur district. The facility, set up by Torrent Gas and Torrent Power, is the second of its kind in India. The project has been designed to produce 72,000 tonnes of green hydrogen annually. In…
Torrent Power Limited has announced a capital investment plan of Rs 500 billion over the next three to four years. The funds will be used to expand its renewable energy portfolio and strengthen transmission and distribution networks. The company aims to increase its renewable energy capacity to 10 GW by 2030, up from 1.75 GW…
The Supreme Court has held that electricity regulators cannot directly investigate power distribution franchisees under Section 128 of the Electricity Act, 2003. It clarified that such franchisees fall outside the direct jurisdiction of regulatory commissions and can only be overseen through the licensed distribution companies that appoint them. A bench comprising Justices J B Pardiwala…
Torrent Power plans to invest Rs 50,000 crore over the next three to four years to increase its renewable energy (RE) capacity to 10 GW by 2030, up from 1.75 GW currently. The capex will be divided across three segments. Around Rs 20,000 crore will support renewable energy projects, Rs 14,000 crore is allocated to…
Jyoti Structures secures Rs 7,412.8 million PGCIL contract for HVDC line Jyoti Structures Limited won a contract worth Rs 7,412.8 million from Power Grid Corporation of India Limited (PGCIL) for Transmission Line package TL01 for 800 kV high voltage direct current (HVDC) Bipole Line (Hexa Lapwing) between KPS2 (HVDC) and Nagpur (HVDC) (with dedicated metallic…