Company type | Public |
---|---|
ISIN | INE813H01021 |
Industry | Energy |
Founded | 1996 |
Headquarters | Ahmedabad, Gujarat, India |
Key people |
|
Products | Sale and distribution, electricity generation and distribution, wind power, energy trading |
Revenue | ₹25,694 crore (US$3.2 billion) (2023) |
₹5,141 crore (US$640 million) (2023) | |
₹2,171 crore (US$270 million) (2023) | |
Number of employees | 7,874 (2020) [1] |
Parent | Torrent Group |
Website | www |
Torrent Power is an Indian energy and power company, having interests in power generation, transmission, distribution and the manufacturing and supply of power cables. [2] The company distributes power to over 38.5 lakh customers annually in its distribution areas of Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera Special Investment Region in Gujarat; Dadra and Nagar Haveli and Daman and Diu UT; Bhiwandi, Shil, Mumbra and Kalwa areas of Mumbai Metropolitan Region in Maharashtra and Agra in Uttar Pradesh; [3] The T&D losses in license areas of the company is amongst the lowest in the country.
Torrent Group took-over and successfully turned around an ailing power cable company Mahendra Electricals, [4] renaming it as ‘Torrent Cables Ltd.’ (now merged with Torrent Power w.e.f. 1 April 2014). The high points of Torrent’s foray into power however were the acquisitions of two of the India’s oldest utilities – The Surat Electricity Company Ltd and The Ahmedabad Electricity Company Ltd. In 1997, the company completed its acquisition of the Ahmedabad Electricity Company by purchasing the entire 28.89% stake held by the Gujarat government. [5] This acquisition formed what was then known as Torrent Power AEC Limited. Similarly, after acquiring the Surat Electricity Company in the same deal, Torrent Power SEC Limited was formed. Torrent turned them into first rate power utilities, in terms of operational efficiencies and reliability of power supply.
In 2005, the parent company, Torrent Group floated the company Torrent Power Generation to further expand into the power business. In 2006, the three power-related companies of Torrent Group, Torrent Power AEC Ltd, Torrent Power SEC Ltd, and Torrent Power Generation Ltd were merged to form Torrent Power. [6] Torrent Power created history by entering into the country’s first distribution franchisee agreement with Maharashtra State Electricity Distribution Company Limited for Bhiwandi Circle in December 2006. In 2009 it was awarded the distribution franchise for Agra in Uttar Pradesh. During FY 19 the Company was awarded distribution license for Dholera Special Investment Region (in Gujarat) and distribution franchise for Shil, Mumbra & Kalwa (SMK) area in Mumbai Metropolitan Region of Maharashtra.
Torrent Power has an aggregate generating capacity of more than 4 GW with a unique mix of coal based, gas based, and renewable power plants comprising:
Torrent Power operates 400 kV double circuit transmission lines implemented by it, for evacuating power generated at SUGEN and DGEN plant to various off-take centres.
The company distributes power to over 3.85 million customers annually in its distribution areas of Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera SIR in Gujarat; Dadra and Nagar Haveli and Daman and Diu UT; Bhiwandi, Shil, Mumbra and Kalwa areas of Mumbai Metropolitan Region in Maharashtra; and Agra in Uttar Pradesh. The T&D losses in license areas of the company is amongst the lowest in the country. The T&D losses in Gujarat at 6.54% is amongst the lowest in the country. Torrent Power has managed reduction in AT&C losses in Bhiwandi from 58% at the time of takeover to 14.90% in FY 2018–19, and from 58.77% at the time of takeover to 16.11% in FY 2018-19 in Agra.
The Cables Unit manufactures Power & Control Cables and is one of the market leaders in HT Power Cable segment with a manufacturing capability of up to 132 kV XLPE Cables.
An industrial park, also known as industrial estate or trading estate, is an area zoned and planned for the purpose of industrial development. An industrial park can be thought of as a more heavyweight version of a business park or office park, which has offices and light industry, rather than heavy industry. Industrial parks are notable for being relatively simple to build; they often feature speedily erected single-space steel sheds, occasionally in bright colours.
Thane district is a district in the Konkan Division of Maharashtra, India. At the 2011 Census it was the most populated district in the country, with 11,060,148 inhabitants; however, in August 2014 the district was split into two with the creation of a new Palghar district, leaving the reduced Thane district with a 2011 Census population of 11,060,148. The headquarters of the district is the city of Thane. Other major cities in the district are Navi Mumbai, Kalyan-Dombivli, Mira-Bhayander, Bhiwandi, Ulhasnagar, Ambarnath, Badlapur, Murbad and Shahapur.
Tata Power Company Limited is an Indian electric utility and electricity generation company based in Mumbai, India and is part of the Tata Group. With an installed electricity generation capacity of 14,110 MW out of which 5250 MW is from Non-Conventional(Green Energy) sources rest from thermal, making it India's largest integrated power company. In February 2017, Tata Power became the first Indian company to ship over 1 GW solar modules.
The Calcutta Electric Supply Corporation (CESC) is the Kolkata-based flagship company of the RP-Sanjiv Goenka Group, born from the erstwhile RPG Group, under the chairmanship of businessman Sanjiv Goenka. It is an Indian electricity generation and the sole distribution company serving 567 square kilometres (219 sq mi) of area administered by the Kolkata municipal corporation, in the city of Kolkata, as well as parts of Howrah, Hooghly, 24 Parganas (North) and 24 Parganas (South) districts in the state of West Bengal. It also serves power distribution in Kota, Bikaner and Bharatpur in Rajasthan under the name CESC RAJASTHAN. It serves 3.0 million consumers approximately, which includes domestic, industrial and commercial users.
Torrent Pharmaceuticals Ltd is an Indian multinational pharmaceutical company, part of the Torrent Group and headquartered in Ahmedabad. It was promoted by U. N. Mehta, initially as Trinity Laboratories Ltd, and was later renamed Torrent Pharmaceuticals Ltd.
Torrent Group is an Indian multinational conglomerate, based in Ahmedabad. It was founded by Uttambhai Nathalal Mehta, and now run by his sons, Sudhir and Samir Mehta. The core businesses of the group are gas, pharmaceuticals and power.
Karnataka is one of the highest economic growth states in India with an expected GSDP growth of 9.5% in the 2021–22 fiscal year. The total expected GSDP of Karnataka in 2022–2023 is about $240 billion. Karnataka recorded the highest growth rates in terms of GDP and per capita GDP in the last decade compared to other states. In 2008–09, the tertiary sector contributed the most to GSDP, followed by the secondary sector, and the primary sector.
GAIL (India) Limited is an Indian state-owned energy corporation with primary interests in the trade, transmission and production distribution of natural gas. GAIL also has interests in the exploration and production solar and wind power, telecom and telemetry services (GAILTEL) and electricity generation. GAIL was founded as the Gas Authority of India Ltd. in August 1984 under the Ministry of Petroleum and Natural Gas to build, operate and maintain the HVJ Gas Pipeline. On 1 February 2013, the Indian government conferred GAIL with Maharatna status along with 11 other Public Sector Undertakings (PSUs).
The economy of Gujarat, a state in Western India, is the most industrialised in India, having the highest industrial output of any state in the union.It has the highest exports of any Indian state, accounting for 33% of all Indian exports in 2022-23. It leads in diverse industrial sectors such as chemicals, petrochemicals, dairy, drugs and pharmaceuticals, cement and ceramics, gems and jewellery, textiles and engineering. It has the highest Electricity Production Capacity and Maritime Port Cargo Volume among all states in India. It also has significant agricultural production with major agricultural produce of the state being cotton, groundnuts (peanuts), dates, sugar cane, milk and milk products. Gujarat recorded the lowest unemployment rate in India in 2022, with 4.4% of the labour force being unemployed.
Mahavitaran or Mahadiscom or MSEDCL (Maharashtra State Electricity Distribution Company Limited) is a wholly-owned subsidiary of the Maharashtra State Electricity Board. It is the largest electricity distribution utility in India (2nd largest in the World after SGCC). MSEDCL distributes electricity to the entire state of Maharashtra except for some parts of Mumbai city where Brihanmumbai Electric Supply and Transport, Tata Power and Adani Electricity Mumbai Limited are electricity distributors.
Gujarat Urja Vikas Nigam Limited (GUVNL) is a state electricity regulation board in the Indian state of Gujarat,India owned by the Government of Gujarat. It was established in May 1999 and is registered under the Companies Act 2013. The company was incorporated under the Gujarat Electricity Board (GEB) as wholly-owned subsidiary. The company aims towards restructuring the power sector and improving efficiency of its management and distribution of various services to consumers. As a part of the power reform process, the Electricity Act, 2003, was passed by the Government of India and Gujarat Electricity Industry Act, 2003, was passed by the Government of Gujarat to organize and administer the electricity industry with an aim to improve efficiency in management and delivery of services to consumers.
Dakshin Gujarat Vij Company Ltd. is an electricity company that was incorporated on 15 September 2003 by Gujarat Electricity Board (GEB). The Company obtained the Certificate of the Commencement of Business on 15 October 2007. The company was one of several created as a part of efforts towards restructuring of the power sector in the state of Gujarat in India.
Madhya Gujarat Vij Company Ltd. is an electricity company that was incorporated on 15 September 2003 by Gujarat Electricity Board (GEB). The Company obtained the Certificate of the Commencement of Business on 15 October 2003. The company was one of several created as a part of efforts towards restructuring of the power sector in the state of Gujarat in India.
Paschim Gujarat Vij Company Ltd. is an electricity company that was incorporated on 15 September 2003 by Gujarat Electricity Board (GEB). The Company obtained the Certificate of the Commencement of Business on 15 October 2003. The company was one of several created as a part of efforts towards restructuring of the power sector in the state of Gujarat in India.
IRB Infrastructure Developers Limited, is an Indian highway construction company headed by Mr. Virendra Dattatraya Mhaiskar. It was incorporated in 1998, with its headquarters in Mumbai, Maharashtra, India. It is part of the IRB Group and was ranked 200th in the Fortune India 500 list in 2020. IRB Infrastructure, which executed the country's first build-operate-transfer (BOT) road project, is one of the largest operators of such ventures. Currently it has about 3,404 lane Km operational and about 2,330 lane Km under development. Among its notable projects are the Mumbai-Pune Expressway and the Ahmedabad-Vadodara Expressway. In 2012, IRB acquired Tamil Nadu based BOT road builder MVR Infrastructure and Tollways for ₹130 crore. The company got the contract of Ganga Expressway, the longest under-construction expressway in Uttar Pradesh.
Adani Power is an Indian multinational power and energy company, subsidiary of Adani Group and based in Khodiyar in Ahmedabad, India. It is a private thermal power producer, with a capacity of 15,250 MW and operates a mega solar plant of 40 MW at Naliya, Bitta, Kutch, Gujarat. Adani Godda Power is implementing a 1,600 MW plant at Jharkhand. The company has signed long term power purchase agreements of about 9,153 MW with the government of Gujarat, Maharashtra, Haryana, Rajasthan, Karnataka, and Punjab.
GIPCL Vadodara Gas based Power Station is Gas turbine based combined cycle power plant. It is located at Dhanora village in Vadodara, Gujarat. The power plant is run by state-owned Gujarat Industrial Power Corporation Limited (GIPCL). The primary electricity generation is through the Gas turbines. Waste heat from the gas turbine is recovered by a heat recovery steam generator (HRSG) to power a conventional steam turbine. The HRSG recovers heat from a hot gas stream and produces steam, the steam utilized to power the steam turbines.
Dholera Special Investment Region (DSIR) is a greenfield industrial planned city near Dholera in Gujarat's Ahmedabad district, around 100 kilometers to the south-west. spread over more than 920 km2 it is a new industrial city being jointly developed by the Government of India and Gujarat. Dholera is strategically located, well connected with trade gateways and falls in the influence zone of proposed Delhi – Mumbai Industrial Corridor project (DMIC), a joint initiative by the Government of India and Japan.