Torrent Power Share Price: Power sector company Torrent Power has received a large project, which has been given by Madhya Pradesh Power Management Company Limited (MPPMCL). Torrent Power reported that it has received the Lander of Award (LOA) from MPPMCL to supply electricity from 1,600 MW coal-based power plant. This plant will be set up in Madhya Pradesh.
This order is received after the bidding process conducted by MPPMCL, in which the tariff is fixed at Rs 5.82 per unit (KWH).
Torrent Group’s biggest investment
The cost of this project will be around Rs 22,000 crore. This project will be the largest investment of Torrent Group in the power sector so far. The project is expected to start within 72 months of signing a 25 -year power purchase agreement (PPA).
The company will set up a 2×800 MW Ultra-Suprecritical Power Plant in Madhya Pradesh. With this, the entire electricity will be given to MPPMCL. Coal will provide MPPMCL under the power policy of the Ministry of Coal, Cuckoo for the plant.
Capacity will increase, employment will also be available
Jinal Mehta, Vice Chairman and MD of Torrent Power, said that the project will help meet the government’s target of adding 80 GW coal-based capacity by 2032 and will keep the grid stable.
In this, 8,000–10,000 people will get direct and indirect employment during construction. At the same time, there will be about 1,500 jobs during the operation. After its project, the total generation capacity of Torrent Power will be 9.6 GWP. It will also include a 3 GW pump storage capacity.
Torrent Power shares
Torrent Power shares closed 0.75% to close at Rs 1,238.90 on Friday. The stock has come down 7.30% in the last 1 month. At the same time, there has been a decline of 28.94% in a year. This year i.e. in 2025 also the stock is 17.09% slipped. The market cap of Torrent Power is 62.90 thousand crores.
What is the business of Torrent Power?
Torrent Power is one of the large power companies in India. It does all three things to make, deliver and supply electricity. The company produces electricity from different sources such as thermal, gas, solar and wind and has a capacity of more than 4.5 GW. Torrent power to provide electricity to millions of customers in areas like Gujarat, Maharashtra, Uttar Pradesh and Dadra-Nagar Haveli.
Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.