Torrent Power Ltd - Company Profile
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Torrent Power Ltd (Torrent Power), a subsidiary of Torrent Investments Pvt Ltd, is a power utility that generates, transmits and distributes electricity. The company generates electricity through gas-based, coal-based and renewable power plants. It transmits and distributes power to residential, commercial and industrial customers in Ahmedabad, Gandhinagar, Surat and Dahej SEZ as well as Dholera SIR in Gujarat; Bhiwandi in Maharashtra; and in Agra in Uttar Pradesh. It offers highly personalized as well as innovative customer services for better experience and customer satisfaction. The company also manufactures cables through its cables manufacturing unit at Nadiad, Gujarat. Torrent Power is headquartered in Ahmedabad, Gujarat, India.
Headquarters
India
Address
Samanvay, 600, Tapovan, Ambavadi, Ahmedabad, Gujarat, 380015
Telephone
91 79 26628000
No of Employees
6,992
Industry
Power
Ticker Symbol & Exchange
TORNTPOWER (NSE)
Revenue (2022)
$3.3B
80.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
366.4%
(2022 vs 2021)
Market Cap*
$8.7B
Net Profit Margin (2022)
XYZ
159.1%
(2022 vs 2021)
* As of and is in US$
Torrent Power Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Transmission and Distribution of Electricity |
| Cables |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the company signed an agreement to acquire 100% share capital of Solapur Transmission from PFC Consulting Ltd. |
| 2024 | Contracts/Agreements | In March, the company secured a letter of award from its Distribution Unit to set up a 150MW wind-solar hybrid project. |
| 2024 | Contracts/Agreements | In March, the company won a letter of award from Maharashtra State Electricity Distribution Co Limited for the development of a 306 MW grid-connected Solar power project at 48 dispersed locations in Nasik District, Maharashtra, India. |
Competitor Comparison
| Key Parameters | Torrent Power Ltd | The Tata Power Co Ltd | Reliance Infrastructure Ltd | PTC India Ltd | Jaiprakash Power Ventures Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Ahmedabad | Mumbai | Mumbai | New Delhi | New Delhi |
| State/Province | Gujarat | Maharashtra | Maharashtra | Delhi | Delhi |
| No. of Employees | 6,992 | 3,071 | 5,056 | 104 | 1,739 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Saurabh Mashruwala | Chief Financial Officer | Senior Management | 2023 | - |
| Samir Mehta | Chairman | Executive Board | - | 59 |
| Jinal Mehta | Managing Director; Director | Executive Board | 2018 | 40 |
| Rahul Shah | Secretary | Senior Management | - | - |
| Keki M. Mistry | Director | Non Executive Board | 2010 | 68 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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