Synopsis:- A near ₹1 lakh crore capex plan targets expansion across thermal, renewables, storage, and green hydrogen. Capacity aims include 8 GW thermal, 10 GW renewables by 2030, serving 4+ million customers, while the group diversifies into consumer businesses and sports supports long-term, scalable growth beyond core power operations.
Torrent Power is driving the group’s transformation through an ambitious near ₹1 lakh crore investment plan spanning thermal, renewable energy, transmission, distribution, storage, and green hydrogen. Management highlights a tightly integrated energy strategy, disciplined capital allocation, and expansion into B2C segments such as electricals and sports, aligning infrastructure strength with long-term consumer-facing growth ambitions.
With a market capitalisation of Rs 67,825.42 crore, the shares of Torrent Power Ltd closed at Rs 1,346.00 per share, increased around 0.01 percent as compared to the previous closing price of Rs 1,359.15 apiece.
A Complete Energy Powerhouse
Torrent Power isn’t just another electricity company. It operates across the entire energy ecosystem from producing electricity through coal and gas plants to generating clean renewable energy, transmitting power through high-voltage lines, and distributing it to homes and businesses. This complete presence across the energy value chain makes it unique and resilient.
Currently, the company serves over 4 million customers across 12 cities, supplying around 30 billion units of electricity annually. What’s impressive is their transmission and distribution loss rate of just 2.3% one of the lowest in the world, which shows how efficiently they manage their network.
Massive Thermal Power Expansion
Torrent Power currently has about 3 GW of thermal capacity, mostly gas-based plants with some coal-based generation. The company has ambitious plans to add 5 GW more thermal capacity over the next 6-7 years, taking the total to around 8 GW. This expansion will require an investment of Rs 60,000-65,000 crore and will include both new plants and upgrades to existing facilities.
The company recently won rights to develop a 1.6 GW coal-based power plant in Madhya Pradesh and is actively looking for more opportunities as states continue to seek new power generation capacity.
Green Energy Target: 10 GW by 2030
On the renewable energy front, Torrent Power already has close to 5 GW of clean energy capacity. The company is targeting 10 GW of renewable energy by 2030, which means they need to build around 8 GW more. This will require an investment of over Rs 50,000 crore.
The company is bidding for various solar and wind projects from government agencies and private industrial customers. They’re particularly focused on “firm and dispatchable” renewable energy, meaning power that’s available when needed, often supported by battery storage systems.
Experimenting with Green Hydrogen
Torrent Power has completed a pilot project in Gorakhpur where green hydrogen (hydrogen produced using renewable energy) is being made and mixed into the city’s gas supply network. They’re also developing a larger project to produce 18,000 tonnes of green hydrogen annually under the government’s Production Linked Incentive scheme. However, full-scale investment will only happen once they secure long-term buyers for this green hydrogen.
How Will They Fund This Massive Plan?
With nearly Rs 1 lakh crore of planned investment, funding is crucial. The good news is that Torrent Power generates over Rs 5,500 crore in annual profits (EBITDA), and this number keeps growing. The company has one of the lowest debt levels in the power sector.
Over the next six to seven years, they’ll need about Rs 25,000-27,000 crore in equity funding, which they plan to generate from their own profits and some additional borrowing. There’s no plan to issue new shares to raise money, which is positive for existing investors.
Beyond Power: New Consumer Businesses
The Torrent Group isn’t just sticking to energy. They’re diversifying into direct consumer businesses like electrical products, diagnostic services, hospitals, and even sports. This strategy shows the group’s confidence in India’s growing consumer market and their ambition to build lasting brands that connect directly with everyday people, not just businesses and governments.
Conclusion
Overall, Torrent Power Ltd stands out as a well-integrated energy player balancing scale, efficiency, and future readiness. Its aggressive yet disciplined investments across thermal, renewables, storage, and green hydrogen, combined with a strong balance sheet and growing B2C ambitions, position the company for sustained long-term growth beyond traditional power utilities.
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