Regulatory Disclosure

Torrent Power Limited (Scrip Code: 532779) submitted a media release to BSE and NSE on September 08, 2026, regarding the commissioning of solar power projects by its subsidiary.

Project Commissioning Details

Torrent Green Energy Private Limited, a wholly owned subsidiary of Torrent Power Limited, has successfully commissioned 322 MWp of ground-mounted decentralized solar power projects across Nashik district, Maharashtra. The projects were developed under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0 scheme, which implements feeder level solarisation under Component-C of the PM-KUSUM scheme.

Project Specifications

The solar portfolio spans:

  • 50 locations across 14 talukas of Nashik district
  • Represents one of the most extensive and geographically diversified agricultural feeder solarization projects under the MSKVY framework
  • Power will be supplied to MSEDCL under a 25-year Power Purchase Agreement

Strategic Significance

The project aligns with Government of India's agricultural solarization and energy self-reliance goals by:

  • Bringing clean energy generation closer to agricultural demand centers
  • Ensuring daytime electricity for farmers
  • Enhancing grid efficiency and reducing distribution losses
  • Supporting sustainable agriculture

Execution Challenges

The project required coordinated development across multiple locations, involving resolution of land issues, grid connectivity, local clearances, engineering excellence, and simultaneous construction activities.

Management Commentary

Jigish Mehta, Whole-Time Director of Torrent Power Ltd., stated: "The project stands as a testimony to the collaborative efforts of MSEDCL, local administration, landowners, project partners, contractors, and the dedicated team of Torrent. This milestone reinforces Torrent's commitment to supporting India's clean energy transition while empowering the agricultural sector with reliable and sustainable daytime electricity supply."

Corporate Background

Torrent Power is an integrated power utility of the ₹49,000 Cr. Torrent Group with presence across the entire power value chain:

Generation Capacity

  • Operational capacity: 6.66 GWp comprising:
  • 2.73 GW of gas-based capacity
  • 2.2 GWp of renewable capacity
  • 1.73 GW of coal-based capacity
  • Under construction:
  • Renewable projects of ~4.56 GWp
  • Pumped Storage Capacity of 3 GW
  • Coal-based capacity of 1.6 GW
  • Total capacity including under construction: ~12.82 GWp plus 3 GW PSP capacity

Distribution Operations

The company distributes nearly 31 billion units to around 4.3 million customers across:

  • Gujarat: Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera SIR
  • Union Territory of Dadra and Nagar Haveli and Daman and Diu (DNH & DD)
  • Maharashtra: Bhiwandi, Shil, Mumbra and Kalwa
  • Uttar Pradesh: Agra

Torrent Power is considered the leading power distributor in India with the lowest distribution losses and best reliability indices in its licensed areas in Gujarat.