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Torrent Power Ltd - Stock Valuation and Financial Performance

BSE: 532779 | NSE: TORNTPOWER | Power Generation/Distribution | Mid Cap

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Torrent Power Share Price

 ₹1,348.15 13.75 1.03%
as on 10-Mar'25 16:59

DeciZen - make an informed investing decision on Torrent Power

Overall Rating ⓘ
Bole Toh

1. Quality

Very Good
Check detailed 10 Yrs performace

2. Valuation

Overvalued
Check 10 Yrs Valuation charts

3. Price Trend

Semi Strong
Check Price chart

Torrent Power stock performance -

PE Chart Key Ratios
P/E Ratio (SA):
29.83
Market Cap:
67,933.8 Cr.
52-wk low:
1,104.1
52-wk high:
2,037.4

Is Torrent Power Ltd an attractive stock to invest in?

1. Is Torrent Power Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Torrent Power Ltd is a good quality company.

2. Is Torrent Power Ltd undervalued or overvalued?

The key valuation ratios of Torrent Power Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Torrent Power Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Torrent Power Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Torrent Power:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Standalone Basis P Consolidated Basis P
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Torrent Power Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % ⓘ14.6%17.5%10.8%13.7%12.2%8.1%13.2%6.2%19.3%15.7%-
Value Creation
Index ⓘ		0.00.3-0.20.0-0.1-0.40.0-0.50.70.4-

Growth Parameters ⓘ

Growth Parameters Colour Code Guide ⓘ

Sales ⓘ10,24711,6269,92111,43912,97813,44211,77713,71618,83619,95722,019
Sales YoY Gr.-13.5%-14.7%15.3%13.5%3.6%-12.4%16.5%37.3%6%-
Adj EPS ⓘ15.519.1919.318.72627.78.443.737.245.2
YoY Gr.-22.7%-52.7%114.2%-3.3%39.4%6.4%-69.6%419.2%-14.8%-
BVPS (₹) ⓘ146.2134.4139.9160.1185.9191.2213.3207.4229.3250.5340.8
Adj Net
Profit ⓘ		7339164349298981,2511,3324052,1011,7902,278
Cash Flow from Ops. ⓘ1,6402,5022,3122,8032,3343,4692,6702,9813,1183,414-
Debt/CF from Ops. ⓘ3.43.43.83.33.92.42.72.62.72.8-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ7.7%9%19.2%6%
Adj EPS ⓘ10.2%14.8%10.4%-14.8%
BVPSⓘ6.2%6.1%5.5%9.3%
Share Price 23.5% 34.4% 41% 16%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity % ⓘ		11.213.76.512.710.813.813.742015.515.3
Op. Profit
Mgn % ⓘ		20.126.224.727.323.625.627.72422.51920.5
Net Profit
Mgn % ⓘ		7.27.94.48.16.99.311.3311.2910.3
Debt to
Equity ⓘ		0.81.31.31.210.90.70.80.80.8-
Working Cap
Days ⓘ		7382999812113916515812914668
Cash Conv.
Cycle ⓘ		1214191923181513121614

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.30%

Sales growth is growing at healthy rate in last 3 years 19.22%

Net Profit is growing at healthy rate in last 3 years 10.35%

Debt to equity has declined versus last 3 years average to 0.81

Sales growth is good in last 4 quarters at 12.49%

No data to display

Latest Financials - Torrent Power Ltd.

Standalone Consolidated
TTM EPS (₹) 45.2 46.8
TTM Sales (₹ Cr.) 22,019 29,238
BVPS (₹.) ⓘ 340.8 343.4
Reserves (₹ Cr.) ⓘ 16,670 16,801
P/BV ⓘ 3.96 3.93
PE ⓘ 29.83 28.80
From the Market
52 Week Low / High (₹) 1104.05 / 2037.35
All Time Low / High (₹) 50.00 / 2037.35
Market Cap (₹ Cr.) 67,934
Equity (₹ Cr.) 503.9
Face Value (₹) 10
Industry PE ⓘ 26

Quarterly Results

Standalone Basis
Consolidated Basis
 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Sales (₹ Cr.)ⓘ 4,787 11.37,193 33.65,293 3.74,746 1.4
Adj EPS (₹) ⓘ 9.2 220.3 103.310.2 07.3 -8.3
Op. Profit Mgn % ⓘ 19.98 -109 bps22.92 424 bps18.78 -73 bps19.45 15 bps
Net Profit Mgn % ⓘ 9.27 -85 bps13.53 463 bps9.29 -34 bps7.77 -43 bps

Management X-Ray of Torrent Power:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:51.09%Institutions:39.5%Non-Institutions:9.41%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Sep22Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec240%10%20%30%40%50%60%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Torrent Power

MRP
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MOS
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DP
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Base EPS
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DPS
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MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Save my Valuation
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

Torrent Power: Q2FY24 result update - 17 Nov 2023

Particulars

Q2FY24

(Rs. Cr)

YoY Trend

Comments

Revenue

6,961

+4%

 
EBITDA

1,221

+5%

 
EBITDA Margin

18%

+100 bps

Driven by increase in contribution from licensed distribution businesses and renewable
PAT

543

+12%

 

Good result.

Torrent Power: Q1FY24 Result Update - 12 Aug 2023

Particulars

Q1FY24

YoY Trend

Comments

Revenue

7,328

+13%

Driven by improved collections across distribution areas

EBITDA

1,185

+9%

 

EBITDA Margin

16%

-

 

PAT

532

+6%

Increase in contribution from merchant power sales and from licensed distribution businesses

Positive financial results. Good performance across all metrics.

 

Torrent Power: Respite from some gas in sight! - 22 Sep 2015

SUGEN Mega CCPP (capacity 1147.5 MW), UNOSUGEN CCPP            (capacity 382.5 MW) of Torrent Power Ltd (TPL) and DGEN Mega CCPP of TPL’s wholly owned subsidiary Torrent Energy Ltd.(TEL) (capacity 1200 MW) have been awarded Letter of award for allocation of gas covering a period of 6 months from Oct’15 to Mar’16. (Source: Company filings)

This will enable SUGEN project to operate at 35% PLF and other plants at 25% PLF. Though two of projects (Dahej and UNOSUGEN) are stranded due to lack of gas supply, based on operational assets the valuation of the company comes at Rs. 195/ share with ROE of 15% and at Price to book value of 1.4x. The management of Torrent Power is competent and rational in capital allocation. If the gas supply is inadequate, it will liquidate assets and give out dividends.

With reference to our note dated 5th Oct 2013, we have reassessed our valuation and increasing MRP to Rs. 218 based on 1.4x times operational assets (SUGEN, T&D assets). We are recommending a BUY at price of Rs. 155-160 levels. This price provide good risk reward ratio with limited downside.

One may invest small portion of your portfolio at current price levels of Rs 172/share with downside of 10% and average your buy price at 150 levels.

We advise you to allocate 3-4% of your total equity portfolio in this stock.

 

P.S. We gave SELL call on 19-02-2016 at price of Rs. 227/share. Total gains: ~32% from our Buy Price

Torrent Power - Gas supply concerns - 05 Oct 2013

Torrent Power is a company engaged in the business of electricity generation, transmission and distribution and operates in the states of Gujarat, Maharashtra and Uttar Pradesh. The company has power generation capacity of 1697 MW of which 73% is gas based.

Torrent Power’s historical financial performance has been good. It has clocked good sales and EPS growth rates. It is one of the few power players that have managed to create value for shareholders across the years. However, the last 5 quarters (June, September and December 2012, March and June 2013) have been bad for the company as it is facing gas supply issues. With low availability of gas, the company has not been able to generate sufficient number of units of power, leading to all time low PLFs (Plant Load Factor). The company is in the distribution business along with generation and hence is obligated to supply power. As a result, it is required to purchase power at higher rates to meet the shortfall because of the lower generation. The company has not been able to pass on the higher cost of power purchase. This has led to fall in profits and poor quarterly results. All this has resulted in poor stock price performance.

All the above concerns have led to a fall in MRP and DP of Torrent Power. We believe that Torrent Power is a fundamentally strong power player and is still available at a good discount. However, it is advisable to get some clarity on gas supply, and passing on of power purchase costs issues, before investing in this stock. We are trying to get clarity on these issues. For now, it is better to be cautious and wait for a few quarters.

For those who have already invested in this company on the basis of our old DP, it is advisable to keep holding this stock as of now. As mentioned earlier, Torrent Power has been one of the best performing power players. Although the problems faced by the company are serious, we believe that the company will be able to find solutions to these problems. However, the concerns won't go away immediately. We are keeping an eye on the company, and will let you know about any developments and their implications as and when they occur.   

 

View All Notes

Key Ratios of Torrent Power

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Peer Comparison

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
Torrent Power 1,348.2 13.8 (1%) Mid Cap 19,957 45.2 9 29.8 4
Neyveli Lignite 220.1 -4.9 (-2.2%) Mid Cap 10,519 10.2 11.3 21.5 1.8
SJVN 85.7 -2 (-2.3%) Mid Cap 2,534 2.6 33 32.7 2.3

Profit And Loss

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales10,24711,6269,92111,43912,97813,44211,77713,71618,83619,957
Operating Expenses ⓘ 8,2118,6217,4948,3819,94210,0378,54510,45114,64416,202
Manufacturing Costs7,6037,9416,8787,6129,1768,9477,6569,60713,77615,150
Material Costs07-41-2010000
Employee Cost 338390416465484528522514514544
Other Costs ⓘ 270283204301302560367330354508
Operating Profit ⓘ 2,0373,0052,4273,0583,0363,4053,2323,2654,1923,755
Operating Profit Margin (%) 19.9%25.8%24.5%26.7%23.4%25.3%27.4%23.8%22.3%18.8%
Other Income ⓘ 350291193268268263250365467596
Interest ⓘ 7061,1161,047840892892719582668781
Depreciation ⓘ 5488999891,1111,1631,2301,1801,2341,0591,123
Exceptional Items ⓘ -23-7000-1,0000-1,30000
Profit Before Tax ⓘ 1,1091,2735841,3761,2485461,5835142,9312,446
Tax ⓘ 367374152454359-692258105828648
Profit After Tax 7428994329228891,2381,3254102,1041,798
PAT Margin (%) 7.2%7.7%4.4%8.1%6.9%9.2%11.3%3.0%11.2%9.0%
Adjusted EPS (₹)15.718.79.019.218.525.827.68.543.837.4
Dividend Payout Ratio (%)10%24%24%26%27%45%40%106%59%43%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 6,9096,4586,8847,6938,9379,18710,2519,96611,02012,039
Share Capital ⓘ 472481481481481481481481481481
Reserves ⓘ 6,4365,9786,4047,2128,4568,7079,7719,48510,53911,558
Minority Interest0000000000
Debt5,0198,0968,1888,5028,3337,2966,0716,8237,0458,575
Long Term Debt5,0198,0968,1128,5028,0337,2966,0716,1207,0458,285
Short Term Debt00770300007030290
Trade Payables6217357336578041,0279711,1081,0811,090
Others Liabilities ⓘ 3,3074,2114,8095,2505,7505,3695,4855,7086,8427,487
Total Liabilities ⓘ 15,85619,50120,61522,10223,82522,88022,77823,60525,98829,191

Fixed Assets

Gross Block12,43615,80818,48819,79921,15922,15523,07824,29025,77428,236
Accumulated Depreciation3,3369001,8902,9934,1466,3647,4969,99611,01812,093
Net Fixed Assetsⓘ 9,10114,90716,59816,80617,01215,79115,58214,29414,75616,143
CWIP ⓘ 1662043233933595688381,1861,609816
Investmentsⓘ 2,6586957549891,1621,0217811,4142,4942,742
Inventories253420369454627598386438646646
Trade Receivables8741,0499691,1241,1711,1811,2761,3641,5161,566
Cash Equivalents 1,580778269270326224189207282311
Others Assetsⓘ 1,2241,4471,3322,0663,1683,4983,7274,7024,6866,968
Total Assets ⓘ 15,85619,50120,61522,10223,82522,88022,77823,60525,98829,191

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity ⓘ 1,6402,5022,3122,8032,3343,4692,6702,9813,1183,414
PBT ⓘ 1,1091,2735841,3761,2485461,5835142,9312,446
Adjustment ⓘ 8211,5971,8361,7431,7773,0781,6842,7781,3131,317
Changes in Working Capital ⓘ -176-57-5-4-413135-343-82-66089
Tax Paid ⓘ -115-312-104-311-279-290-254-229-466-438
Cash Flow From Investing Activity ⓘ -357-913-2,111-2,493-1,231-1,096-595-2,512-2,137-3,187
Capex -537-1,302-2,526-1,663-1,482-671-1,273-1,493-1,843-1,697
Net Investments 10156957-16619269224-494-3491
Others ⓘ 78-181358-664233-695454-52555-1,491
Cash Flow From Financing Activityⓘ -1,161-2,126-640-278-1,123-2,408-2,059-402-1,004-101
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ -5306,957188625-405-522-1,14141,2291,021
Interest Paid ⓘ -715-1,167-1,022-820-896-807-763-600-679-799
Dividend Paid ⓘ -24-2840-106-240-798-264-697-1,057-769
Others ⓘ 107-7,63119423418-281109890-497445
Net Cash Flow ⓘ 122-537-43932-20-351666-24126

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)11.3413.456.5612.7910.6913.6613.634.0520.0515.6
ROCE (%)14.617.4510.7813.7212.248.0913.196.2219.3315.69
Asset Turnover Ratio0.660.660.50.540.570.580.520.590.760.72
PAT to CFO Conversion(x)2.212.785.353.042.632.82.027.271.481.9
Working Capital Days
Receivable Days30303733323238352828
Inventory Days10111413151715111112
Payable Days0000000000

Torrent Power Ltd Stock News

Torrent Power Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Torrent Power on 10-Mar-2025 16:59 is ₹1,348.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Mar-2025 16:59 the market cap of Torrent Power stood at ₹67,933.8.
The latest P/E ratio of Torrent Power as of 10-Mar-2025 16:59 is 29.83.
The latest P/B ratio of Torrent Power as of 10-Mar-2025 16:59 is 3.96.
The 52-week high of Torrent Power is ₹2,037.4 and the 52-week low is ₹1,104.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Torrent Power is ₹22,019 ( Cr.) .

About Torrent Power Ltd

Torrent Power is one of the leading brands in the Indian power sector, promoted by Torrent Group - committed to its mission of transforming life by serving two of the most critical needs - healthcare and power. It is an integrated power utility and is one of the largest private sector players in India having interests in power generation, transmission, distribution and manufacturing and supply of power cables.

Torrent Power foresaw the prospects in the power sector much before the liberalization, when it took-over and successfully turned around an ailing power cable company Mahendra Electricals, renaming it as ‘Torrent Cables Ltd.’ (now merged with Torrent Power Limited w.e.f. 1st 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. Torrent turned them into first rate power utilities, in terms of operational efficiencies and reliability of power supply.

Torrent ranks amongst the best run power utilities in the country with highly efficient generation assets.  The Company offers highly personalized and innovative customer services that incorporate various convenience features. 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.

Business area of the company

Torrent Power has presence in power generation, transmission, distribution and manufacturing and supply of power cables. Its highly efficient generation assets and equally reliable distribution network are amongst the best in the country. Through continuous technology upgradation and customer care initiatives, Torrent Power continues to deliver enhanced value. For the customers in its license areas, disruption in life due to power failures or outages is a rare phenomenon, thanks to its outstanding operational efficiency.

Business areas

  • Generation
  • Transmission
  • Distribution (Distribution Licensee, Franchisee)
  • Cables

Milestones

1989-90

  • Mahendra Electricals taken over and renamed as ‘Torrent Cables Ltd.' - Torrent’s initial foray into power.

1996-97

  • Foundation stone for GTEC laid and Zero date announcedTorrent acquires management control of Surat Electricity Company.

1998-99

  • Torrent acquires management control of The Ahmedabad Electricity CompanyCombined Cycle operations of GTEC commissioned in mid-December 1998.

1999-00

  • Sale of equity stake in GTEC to Powergen India Pvt. Ltd. (India’s largest M & A transaction of the 20th century) The Ahmedabad Electricity Company’s customer base crosses 1 million mark.

2001-02

  • The Ahmedabad Electricity Company's turnover crosses the Rs. 10 billion mark.

2002-03

  • Work on 1147.5 MW combined cycle mega power project near Surat commenced.

2004-05

  • Torrent brings together three of its group companies Torrent Power AEC   Limited, Torrent Power SEC Limited and Torrent Power Generation Limited under a single, unified brand - Torrent Power Torrent Power Generation Limited achieves financial closure.

2005-06

  • Torrent Power Generation Ltd. awards EPC contract for its upcoming SUGEN 1147.5 MW CCPP to a consortium of Siemens AG and Siemens Ltd. India; commences construction of its first power block Torrent Power Generation Ltd. and Siemens creats a 50:50 JV to provide O&M services to its SUGEN 1147.5 MW CCPP.

2006-07

  • Torrent Power bags MoP’s Gold Shield award for two years for outstanding performance in power distribution Torrent Power commences distribution operations in Bhiwandi, Maharashtra.

2007-08

  • Torrent Power Grid Ltd. obtains license from CERC to setup the 400kV transmission lineTorrent Power signs MOU with GPCL for setting up the 1000+ MW coal based power project at Pipavav in Gujarat.

2008-09

  • Phase I of Torrent Power Grid Ltd’s transmission system commissioned i.e LILO of Vapi-Jhanor.

2009-10

  • All three units of SUGEN Power Plant commissioned; commences commercial production Phase II of Torrent Power Grid Ltd’s transmission system commissioned i.e LILO of Dehgam-JhanorTorrent Power signs distribution franchise agreement with UPPCL for Agra and KanpurTorrent Power signs SHA with GPCL for setting up 1000+ MW coal based plant at Pipavav, district Amreli, Gujarat.

2010-11

  • Phase III of Torrent Power Grid Ltd’s transmission system commissioned i.e. 141 km line connecting phase II with the Pirana substation of PGCILTorrent Power commences distribution operations in Agra, Uttar Pradesh effective from 1st April, 2010 Torrent Power and its subsidiary, Torrent Energy Ltd., awards EPC contract to Siemens for implementing UNOSUGEN (standalone 382.5 MW generation plant at its existing SUGEN plant location) and DGEN (1200 MW generation plant at Dahej SEZ) projects Torrent Energy Ltd., subsidiary of Torrent Power Ltd., commenced distribution operations in Dahej SEZ effective from April 04, 2010.

2013-14:

  • The Company successfully uprates the 110 MW coal based E station of AMGEN, to 121 MW and synchronises the same with the grid on 21st October, 2013.
  • DGEN and UNOSUGEN get successfully registered with United Nations Framework Convention on Climate Change under the Clean Development Mechanism.
  • Torrent Power puts into commercial operation the 382.5 MW UNOSUGEN Power Project.
  • UNOSUGEN integrates with the certifications of SUGEN under ISO 9001:2008, ISO 50001:2011, ISO 14001:2004 and BS OHSAS 18001:2007.
  • AMGEN receives certification under ISO 50001:2011 (Energy Management System)

2014-15:

  • Successful commissioning of the 1200 MW DGEN Power Project at Dahej SEZ, District Bharuch, Gujarat.
  • Torrent Power develops and commissions the 51 MW Solar Photovoltaic (PV) Power Plant at the Charanka Solar Park in Gujarat.
  • DGEN receives certifications under ISO 9001:2008, ISO 14001:2004, BS OHSAS 18001:2007, ISO 50001:2011 and ISO 55001:2014.

2015-16:

  • Torrent Energy Limited and Torrent Cables Limited amalgamate with Torrent Power Limited with effective date of 1st October, 2015 and appointed date of 1st April, 2014 pursuant to the order of the High Court of Gujarat sanctioning the Composite Scheme of Amalgamation.
  • Torrent Power launches first-of-its-kind user-friendly Customer Self Service mobile application ‘Torrent Power Connect’ and web portal ‘connect.torrentpower.com’, offering highly personalized and real time services in the Company’s License Areas of Ahmedabad, Gandhinagar and Surat as well as in the Franchisee areas of Agra & Bhiwandi has been launched.
  • The Company receives “Gujarat Ratna Award” for demonstrating excellence in the power sector.
  • Torrent Power books regasification and storage capacity with Petronet LNG Limited up to 1 MMTPA for 20 years starting from April, 2017.
  • Successful commissioning of the 81 MW GENSU Solar Power Project adjacent to SUGEN Plant in a cost effective manner.
  • Awarding EPC contract to Suzlon Energy Limited for implementing 201.6 MW Wind Power Project in Kutch and Bhavnagar districts in Gujarat.
  • Awarding EPC contract to Wind World India Ltd. for implementing 136.8 MW Wind Power Project in Rajkot and Surendranagar districts in Gujarat.
  • DGEN Plant receives five star rating from British Safety Council on Five Star Occupational Health and Safety System Audit.
  • Cables Unit receives certification under ISO 14001: 2004 and BS OHSAS 18001:2007.

2017-18


  • New “Plug points”, the digital customer service centres were launched in Ahmedabad & Gandhinagar.
  • Over 125 new collection centres have been launched at various geographies across the distribution areas for greater convenience to customers.
  • The Company has acquired 100% equity share capital of two Companies namely; Jodhpur Wind Farms Private Limited and Latur Renewables Private Limited.

2019-20

  • Launched following infrastructure projects at Surat Distribution: Document storage building at Puna sub-station Premises to facilitate state of the art storage facilities for all customer related documents and other imporatant documents of various departments.
  • Power Supply Centers at B and E Station Premises and Customer Service Buidling at B Station Premises will have modern architecture, all latest facilities for the employees, visitors and customers, energy efficient systems and fire detection and prevention systems.
  • The Company has acquired entire paid up share capital of TCL Cables Private Limited, the step down subsidiary and the same has become direct Wholly-owned Subsidiary (WOS) of the Company
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