Stock TORNTPOWER TORRENT POWER LIMITED
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Company Torrent Power Limited

Equities

TORNTPOWER

INE813H01021

Electric Utilities

Market Closed - NSE India S.E.
Other stock markets
 05:12:32 30/04/2024 pm IST 		5-day change 1st Jan Change
1,501 INR -2.20% Intraday chart for Torrent Power Limited +1.66% +60.74%
19/04 Torrent Power to Acquire 100% Stake in Solar Power SPV MT
01/04 Torrent Power Limited Announces Board Changes CI

Business Summary

Torrent Power Limited is an India-based holding company. The Company operates in three segments: generation, transmission and distribution, and renewables. The Generation segment comprises of generation of power from thermal sources (gas and coal) and trading of Regasified Liqueified Natural Gas. The Transmission and Distribution comprises of transmission and distribution business (licensed and franchisee) and related ancillary services. The segment also comprises Power Cable business. The Renewables segment comprises of generation of power from renewable energy sources, which includes wind and solar. It has a thermal power generation capacity of 3,092 megawatts (MW), with a mix of coal-based, gas-based, solar and wind power plants. It also operates in the renewable energy segment with 787 MW capacity taking the aggregate installed generation capacity to 4110 MW. The Company has set up approximately 249 kilometers (km) and 105 km 400 kV double circuit transmission lines.

Number of employees: 8,113

Sales per Business

INR in Million2022Weight2023Weight Delta
Power Supply
85.6 %
132,384 92.9 % 220,068 85.6 % +66.23%
Regasified Liquefied Natural Gas
11.9 %
5,479 3.8 % 30,687 11.9 % +460.03%
Cable Products - Manufactured Goods
1.4 %
2,897 2.0 % 3,587 1.4 % +23.80%
Contribution Received from Consumers
0.4 %
878 0.6 % 977 0.4 % +11.28%
Miscellaneous Income
0.3 %
859 0.6 % 842 0.3 % -1.99%
Solar Rooftop Programme
0.2 %
- - 551 0.2 % -
Generation Based Incentive
0.1 %
250 0.2 % 339 0.1 % +35.75%
Discount for Prompt Payment of Bills
-0.1 %
-208 -0.1 % -313 -0.1 % +50.31%
Certified Emission Reduction
0.0 %
- - 124 0.0 % -
Hire of Meters
0.0 %
- - 25 0.0 % -
Capital Grant from Government
0.0 %
25 0.0 % 24 0.0 % -3.27%
Insurance Claim Receipt
0.0 %
1 0.0 % 22 0.0 % +1,492.86%
Provision of Earlier Years Written Back
0.0 %
10 0.0 % 8 0.0 % -23.08%

Sales per region

INR in Million2022Weight2023Weight Delta
India
100.0 %
142,576 100.0 % 256,941 100.0 % +80.21%

Managers

Managers TitleAgeSince
Saurabh Mashruwala DFI
 Director of Finance/CFO - 01/09/01
Rahul Chaitanya Bhai Shah CMP
 Compliance Officer - 16/19/16
Chetan Bundela BRD
 Director/Board Member - -
Viral Mehta BRD
 Director/Board Member - -
Jinal S. Mehta BRD
 Director/Board Member 41 19/11/19
Bhadresh Arvindbhai Trivedi PRN
 Corporate Officer/Principal 58 01/00/01
Sudhir Uttamlal Mehta PRN
 Corporate Officer/Principal 70 29/04/29

Members of the board

Members of the board TitleAgeSince
Usha Sangwan BRD
 Director/Board Member 65 21/21/21
Sudhir Uttamlal Mehta PRN
 Corporate Officer/Principal 70 29/04/29
Samir Uttamlal Mehta CHM
 Chairman 60 29/04/29
Apurva Shishir Diwanji BRD
 Director/Board Member 55 09/02
Jinal S. Mehta BRD
 Director/Board Member 41 19/11/19
Radhika Vijay Haribhakti BRD
 Director/Board Member 66 07/21/07
Mamta Verma BRD
 Director/Board Member 52 07/21/07
Varun Sudhir Mehta BRD
 Director/Board Member - 08/22/08
Viral Mehta BRD
 Director/Board Member - -
Chetan Bundela BRD
 Director/Board Member - -

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 480,620,000 167,004,594 ( 34.75 %) 0 34.75 %

Shareholders

NameEquities%Valuation
Torrent Investments Pvt Ltd.
53.56 %
257,422,311 53.56 % 4 181 M ₹
State of Gujarat
11.22 %
53,928,671 11.22 % 876 M ₹
Axis Asset Management Co. Ltd.
7.137 %
34,302,444 7.137 % 557 M ₹
SBI Funds Management Ltd.
6.217 %
29,882,324 6.217 % 485 M ₹
Life Insurance Corporation of India (Investment Portfolio)
3.950 %
18,984,103 3.950 % 308 M ₹
HDFC Life Insurance Co. Ltd. (Investment Portfolio)
1.358 %
6,528,087 1.358 % 106 M ₹
Bandhan Asset Management Co. Ltd.
1.190 %
5,720,476 1.190 % 93 M ₹
HDFC LIFE INSURANCE COMPANY LIMITED
1.135 %
5,457,147 1.135 % 89 M ₹
Nippon Life India Asset Management Ltd. (Invt Mgmt)
0.6417 %
3,084,121 0.6417 % 50 M ₹
Government of India
0.4669 %
2,243,786 0.4669 % 36 M ₹

Company contact information

Torrent Power Ltd.

Samanvay Tapovan 600, Nehru Nagar

380015, Ahmedabad

+91 79 2662 8300

address Torrent Power Limited(TORNTPOWER)

Group companies

NameCategory and Sector
Torrent Power Grid Ltd.
Surya Vidyut Ltd.
Logo Surya Vidyut Ltd.

Surya Vidyut Ltd.

Financial ConglomeratesFinance

Part of Torrent Investments Pvt Ltd., Surya Vidyut Ltd. is an Indian company that provides investment services. The private company is based in Kolkata, India. The company was founded in 2010. Surya Vidyut was acquired by Torrent Power Ltd. from CESC Ltd. on March 11, 2022 for $42.75 million.

Financial Conglomerates
Torrent Solargen Ltd.
Logo Torrent Solargen Ltd.

Torrent Solargen Ltd.

Alternative Power GenerationUtilities

Part of Torrent Investments Pvt Ltd., Torrent Solargen Ltd. generates solar electric power. The private company is based in Ahmedabad, India. The CEO of the Indian company is Shimoni Viditbhai Shah.

Alternative Power Generation
Jodhpur Wind Farms Pvt Ltd.
Logo Jodhpur Wind Farms Pvt Ltd.

Jodhpur Wind Farms Pvt Ltd.

Alternative Power GenerationUtilities

Jodhpur Wind Farms Pvt Ltd. provides wind power generation services. The company is headquartered in Ahmedabad, India.

Alternative Power Generation
Latur Renewable Pvt Ltd.
Logo Latur Renewable Pvt Ltd.

Latur Renewable Pvt Ltd.

Electronic Equipment/InstrumentsElectronic Technology

Latur Renewable Pvt Ltd. is engaged in providing renewable energy services. The company is headquartered in Ahmedabad, India.

Electronic Equipment/Instruments
TCL Cables Pvt Ltd.
Torrent Solar Power Pvt Ltd.
Torrent Saurya Urja 2 Pvt Ltd.

Sector

Utilities
Utilities
Electrical Utilities & IPPs
Electric Utilities
Other Electric Utilities

Sales per Business

Ratings for Torrent Power Limited

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
SELL
Number of Analysts
9
Last Close Price
1,501 INR
Average target price
996.2 INR
Spread / Average Target
-33.64%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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