Torrent Power
 |
|
| Public | |
| Traded as | : : TORNTPOWR |
| Industry | Energy |
| Founded | 1996 |
| Headquarters | Ahmedabad, India |
|
Key people
|
Sudhir Mehta, Samir Mehta |
| Products | Sale and distribution, electricity generation and distribution, wind power, energy trading |
| Revenue |
 INR 100 billion (2015) |
|
Number of employees
|
7200 (2014) |
| Parent | Torrent Group |
| Website | torrentpower.com |
Torrent Power Limited (: , : TORNTPOWR) is an India-based company engaged in the electricity generation, transmission and distribution. Its current operations are in the states of Gujarat and Maharashtra and Uttar Pradesh. The company is the sole distributor of electricity to consumers in the cities of Agra, Ahmedabad, Gandhinagar and Surat.
In 1997, the company completed its acquisition of the Ahmedabad Electricity Company by purchasing the entire 28.89% stake held by the Gujarat government. This acquisition formed what was then known as Torrent Power AEC Limited. Similarly, after acquiring the Surat Electricity Company in the same deal, Torrent Power SEC Limited was formed.
In 2005, the parent company, Torrent Group floated the company Torrent Power Generation to further expand into the power business. In 2006, the three power-related companies of Torrent Group, Torrent Power AEC Ltd, Torrent Power SEC Ltd, and Torrent Power Generation Ltd were merged to form Torrent Power.
More recently, in 2009, Torrent Power inked a deal with Uttar Pradesh Power Corporation Limited to franchisee to supply power to parts of Kanpur and Agra then handled by The Kanpur Electricity Supply Company Ltd. (KESCo) and the Agra Circle of Dakshinanchal Vidyut Vitran Nigam Limited (DVVNL) for 20 years.
With ventures in power generation, transmission and distribution.
Torrent Power has an aggregate generating capacity of 3250 MW comprising:
A unique mix of coal and gas based power plants that uses the latest power generation technologies ensures high thermal efficiency.
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Wikipedia