Torrent Power Limited has outlined an ambitious growth roadmap focused on renewable energy, energy storage, and grid infrastructure, targeting an expansion of its installed generation capacity from approximately 6.6 GW to 12.3 GW through a robust renewable project pipeline and pumped storage developments, according to its Q1 FY2026-27 investor presentation.
The company currently operates 1,092 MWp of solar and 980 MW of wind capacity while developing an additional 1,945 MWp of solar and 2,236 MW of wind projects. Overall, Torrent Power has around 2.6 GW of contracted renewable capacity, equivalent to approximately 4.6 GW DC, under execution across projects awarded by agencies including MSEDCL, SECI and REMCL, as well as commercial and industrial (C&I) and merchant projects. The renewable pipeline represents an estimated investment of around ₹29,638 crore.
Beyond renewable generation, Torrent Power is expanding its presence in energy storage. The company is developing a 3 GW pumped storage hydro project in Maharashtra at an estimated cost of ₹14,000 crore, with 2 GW already tied up under a 40-year agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL). The project is scheduled for commissioning in October 2028. Torrent Power also plans to develop a broader 8.4 GW pumped storage portfolio across Maharashtra and Uttar Pradesh, including projects currently under planning and feasibility assessment.
Torrent Power is also pursuing emerging clean energy technologies through a 72-tonnes-per-annum green hydrogen pilot project, which aims to blend green hydrogen with natural gas in its city gas distribution network.
Financially, the company reported revenue from operations of ₹8,124 crore in the first quarter of FY2026-27, up 3% from the corresponding quarter last year. However, profit after tax declined 11% to ₹662 crore, compared with ₹742 crore in Q1 FY2025-26, while EBITDA (PBDIT) increased marginally by 2% to ₹1,618 crore.
On the distribution front, Torrent Power continued to report strong operational performance across its licensed distribution areas, maintaining 99.9% power availability and some of the country’s lowest distribution losses, including 3.35% in Ahmedabad, 2.77% in Surat, and below 2% in Dadra & Nagar Haveli and Daman & Diu during FY2026. The company also highlighted continued reductions in aggregate technical and commercial (AT&C) losses across its franchisee networks in Bhiwandi, Agra, and Shil-Mumbra-Kalwa.
The presentation also noted the recent acquisition of the 1,400 MW Nabha thermal power plant, strengthening Torrent Power’s conventional generation portfolio, while reiterating the company’s strategy of balancing renewable energy growth with flexible thermal generation, energy storage, and green hydrogen to support India’s evolving power sector.
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