Torrent Power shares up over 1% as arm bags 300 MW wind project from Solar Energy Corporation

The project, with a tariff of ₹3.97 per unit, is to be commissioned within 24 months from the date of execution of the power purchase agreement (PPA), with an estimated investment of about ₹2,650 crore.

Torrent Green Energy Pvt Ltd, a wholly-owned subsidiary, received a 'Letter of Award' from Solar Energy Corporation of India (SECI) on June 11 for setting up a 300 MW wind power project under Wind Tranche-XVIII.

With this, Torrent's renewable capacity under development increases to 3.3 GWp.

GWP in the context of solar energy stands for 'global warming potential'.

Part of Torrent Group, Torrent Power is one of the largest companies in the country's power sector, with a presence across the entire power value chain – generation, transmission and distribution.

About Torrent Power

Torrent Power, the ₹29,165 crore integrated power utility of about ₹45,000 crore Torrent Group, is one of the largest companies in the country’s power sector with a presence across the entire power value chain – generation, transmission and distribution.

Torrent Power: Generation Capacity

The company has an aggregate installed generation capacity of 4,838 MWp, comprising 2,730 MW of gas-based capacity, 1,746 MWp of renewable capacity, and 362 MW of coal-based capacity.

Further, renewable projects of 3,279 MWp and pump storage capacity of 3,000 MW are under development. Total generation and pump storage capacity, including projects under development, is 8,117 MWp and 3,000 MW, respectively, as per the company's press release.

Torrent Power Q4 FY25 Results

Torrent Power posted an over two-fold (141%) surge in its consolidated net profit at ₹1,077.22 crore in the March 2025 quarter (Q4 FY25) compared to a year ago, mainly due to the reversal of deferred tax liabilities of ₹637.09 crore.

The company had a consolidated net profit of ₹447.04 crore in the quarter ended on March 31, 2024, a BSE filing showed.

Total income slightly dipped to ₹6,570.69 crore in the reporting quarter from ₹6,625.45 crore logged in the same period a year ago.

The company explained that the management has carried out a detailed assessment of deferred tax on temporary differences that are expected to reverse during the period in which the company would be under the new tax regime.

Accordingly, it applied the new income tax rate of 25.168% as compared to the existing income tax rate of 34.944% for measuring the said deferred tax in accordance with the requirements of Ind AS 12 "Income Taxes".