The company also aims to engage in power generation, transmission, and distribution projects using both conventional and non-conventional energy sources. It plans to develop and manage generation facilities independently or on a cooperative basis for industrial and other consumer groups, including partnerships with state electricity boards and other authorities.
The subsidiary has been incorporated with an authorized share capital of Rs 5 lakh and a paid-up share capital of Rs 5 lakh (50,000 equity shares of Rs 10 each). Operations are yet to commence.
The company received a certificate of incorporation for Torrent Urja Projects on 10 April 2025.
Torrent Power is a private sector integrated power utility engaged in the business of power generation, transmission and distribution.
The company’s consolidated net profit jumped 32.19% to Rs 475.66 crore in Q3 FY25 as against Rs 359.83 crore posted in Q3 FY24. Revenue from operations grew by 2.09% year on year to Rs 6,499.38 crore in the quarter ended 31 December 2024.