Torrent Power shares in focus after bagging 300 MW wind project from SECI

Torrent Power shares will be in focus on Friday after the company announced that its arm, Torrent Green Energy Pvt Ltd, has emerged as the successful bidder for a 300 MW wind power project awarded by the Solar Energy Corporation of India (SECI).

The project, allotted under Wind Tranche-XVIII, carries a tariff of Rs 3.97 per unit and is expected to be commissioned within 24 months of signing the power purchase agreement (PPA). The estimated investment for the project is Rs 2,650 crore.

Torrent Green Energy, a wholly owned subsidiary of Torrent Power, received the Letter of Award from SECI on June 11. With this addition, Torrent’s renewable energy capacity under development now stands at 3.3 GWp.


Torrent Power, part of the Torrent Group, is one of India’s leading integrated power utilities with operations spanning generation, transmission, and distribution. The latest project supports its sustainability agenda and aligns with the government’s target of achieving 500 GW of non-fossil fuel capacity by 2030.

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Q4 earnings snapshot

For the March quarter, Torrent Power reported a 146.3% year-on-year surge in net profit to Rs 1,059.6 crore, compared to Rs 430.2 crore in the same period last year.

The sharp jump in profit was driven by improved performance in its gas-based power plants, growth in licensed and franchised distribution segments, and a significant reduction in tax expenses. This included a one-time, non-cash reversal of deferred tax liabilities worth Rs 637 crore. The company also booked gains from the sale of non-current investments.

Revenue from operations dipped 1.1% year-on-year to Rs 6,456.3 crore, while EBITDA rose 1.9% to Rs 1,130.4 crore.

Torrent Power shares closed 2.4% lower at Rs 1,399 on the BSE in the previous session, broadly in line with the 1% decline in the Sensex. The stock has fallen 6% over the past three months and is down 17% in the last six months.

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