Torrent Power Limited has informed the Exchange about Investor Presentation
May 14, 2025
To,
Corporate Relationship Department BSE Limited, 14th Floor, P. J. Towers, Dalal Street, Fort, Mumbai-400001
To, Listing Department National Stock Exchange of India Limited “Exchange Plaza”, C – 1, Block G Bandra- Kurla Complex, Bandra (East), Mumbai-400051
SCRIP CODE: 532779
SCRIP SYMBOL: TORNTPOWER
Dear Sir / Madam,
Re: Investor Presentation
Investor Presentation on Audited Consolidated Financial Results for the quarter and year ended March 31, 2025 is enclosed for your records.
Thanking you.
Yours faithfully, For Torrent Power Limited
Rahul Shah Company Secretary & Compliance Officer Encl.: As above
TORRENT POWER LIMITED Email: cs@torrentpower.com CIN: L31200GJ2004PLC044068 Regd. Office: ''Samanvay'', 600, Tapovan, Ambawadi, Ahmedabad 380015, Gujarat, India Phone: 079-26628300 www.torrentpower.com
s
Investor Presentation Q4 FY 2024-25
Disclaimer
THIS PRESENTATION IS NOT AN OFFER TO SELL ANY SECURITIES OR A SOLICITATION TO BUY ANY SECURITIES OF TORRENT POWER LIMITED (THE “COMPANY or TPL”) OR ITS SUBSIDIARIES, ASSOCIATE, JOINT VENTURES TOGETHER WITH THE COMPANY, THE “GROUP”
The material that follows is a presentation of general background information about the Company’s activities as at the date of the presentation or as otherwise indicated. It is information given in summary form and does not purport to be complete and it cannot be guaranteed that such information is true and accurate. This presentation has been prepared by and is the sole responsibility of the Company. This presentation is for general information purposes only and should not be considered as a recommendation that any investor should subscribe to or purchase the Company’s equity shares or other securities.
This presentation includes statements that are, or may be deemed to be, “forward looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”,“ estimates”,“ anticipates”,“ projects”,“ expects”,“ intends”,“ may”,“ will”,“ or “ or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, aims, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this presentation and include statements regarding the Company’s intentions, beliefs or current expectations concerning, amongst other things, its results or operations, financial condition, liquidity, prospects, growth, strategies and the industry in which the Company operates. By their nature, forward looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future.
Forward looking statements are not guarantees of future performance including those relating to general business plans and strategy of the Company, its future outlook and growth prospects, and future developments in its businesses and its competitive and regulatory environment. No representation, warranty or undertaking, express or implied, is made or assurance given that such statements, views, projections or forecasts, if any, are correct or that the objectives of the Company will be achieved. The Company, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. . The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent development, information or events, or otherwise. Unless otherwise stated in this presentation, the information contained herein is based on management information and estimates. The information contained herein is subject to change without notice and past performance is not indicative of future results. The Company may alter, modify or otherwise change in any manner the content of this presentation without obligation to notify any person of such revision or changes.
This document is just a presentation and is not intended to be and does not constitute a “prospectus” or “disclosure document” or “offer document” or a “private placement offer letter” or an “offering memorandum” or an or a solicitation of any offer to purchase or sell any securities. It is clarified that this presentation is not intended to be a document offering for subscription or sale of any securities or inviting offers from any person, including the Indian public (including any section thereof) or from persons residing in any other jurisdiction, including the United States, for the subscription to or sale of any securities, including the Company’s equity shares. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities.
This document has not been and will not be reviewed or approved by a regulatory authority in India or by any stock exchange in India.
2
Presentation Outline
01
Torrent Group Overview
02
Company Overview
03
Performance Overview
04
Key Highlights
3
#1
Torrent Group Overview
Torrent Group
Torrent Pharmaceuticals Limited
Torrent Power Limited
Torrent Gas Limited
◼ Generics pharmaceutical with global
footprint
◼ One of the leading listed pharmaceutical
company in India by market capitalization
◼ One of the leading private sector
Integrated Power Utility with presence across generation, transmission and distribution
◼ One of the lowest distribution losses in
the country
◼ Our Bhiwandi distribution franchisee
model was first of its kind arrangement allowing private company to manage the area’s distribution business.
◼ Good operational track record with strong focus on customer service
◼ Incorporated in FY19, City Gas Distribution (CGD) business now has 17 operating Geographical Areas (GAs) spread across 34* districts and 7 states and 1 Union Territory
◼ Pipeline network of > 16,500 inch-Km,
MDPE pipeline of > 7,200 Km and > 480 CNG Stations
◼ More than 1.8 Lac PNG Domestic
Connections
*Includes EAAA (Except Areas Already allotted in a district)
5
Torrent Group …2
₹ 39,893 Cr
₹ 1,93,899 Cr
₹ 1,84,422 Cr
26,250+
Turnover
Enterprise Value
Spreading smiles Illuminating Lives
Market Cap
Employees
Generating Trust. Distributing Opportunities.
Not just healthcare… Lifecare
Building pan-India city gas distribution
Turnover ₹ 29,165 Cr
Turnover ₹ 10,728 Cr#
Enterprise Value ₹ 82,452 Cr
Enterprise Value ₹ 1,11,447 Cr
Market Cap ₹ 74,948 Cr
Market Cap ₹ 1,09,474 Cr
networks in
17 geographical areas across 34*
districts & 7 States and 1 Union Territory
Employees 8,050+
Employees 17,300+
Employees 900+
Market Capitalization, Enterprise Value, Turnover and employees are as on 31.03.2025; # FY24; All figures are excluding Torrent gas except for Employees strength; Turnover- Revenue from operations; Market Capitalization – No. of shares x closing share price on BSE.; ^Enterprise Value = market capitalization + O/s debt - cash & cash equivalents *Includes EAAA (Except Areas Already allotted in a district)
6
#2
Company Overview
7
One of the Leading Private Sector Integrated Power Utility
Promoter
51.09%
48.91%
Public
Torrent Power Limited (Market Cap: c. ₹ 74,948 Cr1)
Thermal Generation
Renewable Generation
Distribution
PSP
Transmission
Gas based plants: 2,730 MW
Coal based plants: 362 MW
Solar: 825 MWp - Operational 1,494 MWp-Under Development
Wind: 921 MW - Operational 1,660 MW- Under Development
Licensed (Ahmedabad, Surat, Dahej SEZ, Dholera SIR, Dadra & Nagar Haveli and Diu & Daman)
Franchised (Agra, Bhiwandi and Shil, Mumbra & Kalwa)
~8.4 GW across Uttar Pradesh and
Maharashtra under pipeline. Of
which 2 GW is tied up with
355 kms 400 kV & 128 kms of 220 kV to evacuate power from gas-based power plants
Maharashtra
~104 kms 400 kV Under pipeline
Green hydrogen / Green Ammonia
Awarded 18 KTPA capacity under
PLI Scheme for Green Hydrogen
production
1. Market Capitalization as on 31.03.2025 All Capacities are as on 31.03.2025
8
Pan India Footprint with Presence in Key States
GUJARAT
Wind (615 MW)
Solar (583 MWp)
AMGEN (362 MW)
SUGEN & UNOSUGEN (1530 MW)
DGEN (1200 MW)
Transmission Line (483 ckm)
Ahmedabad and Gandhinagar
Surat
Dahej SEZ
Dholera
DADRA & NAGAR HAVELI AND DAMAN & DIU
Dadra & Nagar Haveli & Daman & Diu
MAHARASHTRA
Wind (126 MW)
Solar (144 MWp)
Bhiwandi
Shil, Mumbra and Kalwa
RAJASTHAN
Wind (24 MW)
UTTAR PRADESH
Agra
Wind
Solar
Gas
Coal
Transmission
Distribution Licensee
Distribution Franchisee
Operational Capacity (MWp)
825 (674 MW Contracted)
921 (920 MW Contracted)
MADHYA PRADESH
Wind (36 MW)
2,730
483 ckm
TELANGANA
Solar (58 MWp)
KARNATAKA
Wind (120 MW)
362
Additionally, 41 MWp C&I solar Project commissioned in the state of Haryana, Karnataka, Maharashtra, Tamil Nadu, Andhra Pradesh and Uttar Pradesh.
9
Operational Capacity is estimated to Grow from 4.8 GW to 7.9 GW Backed by Robust Renewable Capacity Addition
Installed Capacity
Solar 825 17%
Gas 2,730 56%
4,838 MWp
Wind 921 19%
Coal 362 8%
Segmental Revenue in FY25
Renewables, 1,066 , 3%
RE PIPELINE
Wind (53%)
Solar (47%)
3,154 MWp
Installed Capacity (including Pipeline)
Gas 2,730 (34%)
Solar, 2,319 , (29%)
7,992 MWp
Wind, 2,581 , (32%)
Coal , 362 ,(5%)
Segmental EBITDA in FY25
Generation, 8,181 , 24%
Renewables, 887 , 15%
Generation, 1,563 , 27%
INR 34,425 Cr1
INR 5,810 Cr2
Transmission & Distribution, 25,178 , 73%
Transmission & Distribution, 3,360 , 58%
Notes: 1. Includes inter-segment revenue of INR 5,260 crores, 2. Includes unallocated EBITDA of INR 15 crores All capacities are as on 31.03.2025
10
#1: Snapshot of Operating Thermal Assets
Sugen
Unosugen
Capacity (MW)
1,147.5 (3 x 382.5)
Plant Type
Location
COD
Fuel
Gas-based CCPP
Surat, Gujarat
August 2009
Domestic Gas & Imported LNG
Capacity (MW)
382.5 (1 x 382.5)
Plant Type
Location
COD
Fuel
Gas-based CCPP
Surat, Gujarat
April 2013
Domestic Gas & R-LNG
PPA
PPA
835 MW for Distribution areas of Ahmedabad / Gandhinagar & Surat, and 50 MW with MPPTC are regulated by CERC1 which allows Cost + RoE under regulated tariff structure + Performance Incentives
278 MW for Distribution areas of Ahmedabad / Gandhinagar & Surat are regulated by CERC1 which allows Cost +RoE under regulated tariff structure + Performance Incentives
Dgen
Amgen
Capacity (MW)
1,200 (3 x 400)
Plant Type
Location
COD
Fuel
Gas-based CCPP
Bharuch, Gujarat
November 2014
Imported LNG
PPA
No tie up
Capacity (MW)
Plant Type
Location
COD
Fuel
362 (1 x 120, 2 x 121)
Coal Based
Ahmedabad, Gujarat
1988
Domestic & Imported Coal
PPA
FSA
Embedded generation for licensed areas of Ahmedabad / Gandhinagar regulated by GERC2 which allows Cost + RoE + Performance Incentives
-
Fuel Supply Agreement with South Eastern Coalfields Limited
Contracted Storage-cum-Regasification capacity of 1 MTPA with Petronet LNG, Dahej Terminal for 20 years from April 2017
1.Central Electricity Regulatory Commission (CERC) 2. Gujarat Electricity Regulatory Commission (GERC)
11
#2: Snapshot of Licensed Distribution Assets
Ahmedabad / Gandhinagar
Licensed Area
Customer Base (FY25)
Peak Demand (FY25)
~ 356 sq. km.
>21 lakh
2,117 MW
Surat
Licensed Area
Customer Base (FY25)
Peak Demand (FY25)
~ 52 sq. km.
>6 lakh
812 MW
Highlights
Highlights
✓ Distribution loss of 3.33% (FY25), is amongst the lowest in the country
✓ Power availability of 99.9%, which is among the highest in the country
✓ Distribution loss of 2.81% (FY25), is amongst the lowest in the country
✓ Power availability of 99.9%, which is among the highest in the country
Dahej
Dholera SIR
Dadra & Nagar Haveli & Daman & Diu
Licensed Area
Customer Base (FY25)
Peak Demand (FY25)
Licensed Area
Peak Demand (FY25)
Licensed Area
Customer Base (FY25)
Peak Demand (FY25)
~ 17 sq. km.
144
114 MW
~ 920 sq. km.
13 MW
~ 600 sq. km.
>1.7 lakh
1,406 MW
Highlights
Highlights
Highlights
✓ Second Licensee at Dahej SEZ
✓ 99.9% power reliability
✓ Second Licensee at Dholera SIR
✓ Distribution loss <2% during FY25, amongst the lowest in
✓ Dholera SIR is part of Delhi-Mumbai Industrial
Corridor(DMIC) being developed as industrial hub
the country
As per Electricity Amendment Rules, 2023 the Licenses are deemed to be renewed for further 25 years unless the same is revoked.
Note: Current License for Ahmedabad/Gandhinagar, Surat, Dahej, Dholera SIR and DNH DD is valid till 2025, 2028, 2034, 2044 & 2047 respectively which unless revoked will be automatically renewed for further 25 years
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#3: Snapshot of Franchisee Distribution Assets
Bhiwandi
Agra
Licensed Area
Peak Demand (FY25)
License validity
Licensed Area
Peak Demand (FY25)
License validity
~ 721 sq. km.
609 MVA
Highlights
25th Jan 2027 [The license validity for the Bhiwandi area can be extended by five years upon mutual agreement]
~ 221 sq. km.
572 MVA
Highlights
31st March 2030
✓ Country's first of its kind distribution franchisee agreement with MSEDCL ✓ Reduction in AT&C losses from 58% at the time of takeover to <10% in FY25
✓ Reduction in AT&C losses from 58.77% at the time of takeover to historical
low at ~7% in FY25
Shil, Mumbra, Kalwa (SMK)
Licensed Area
Peak Demand (FY25)
License validity
~ 65 sq. km.
167 MVA
Highlights
29th Feb 2040
✓ Reported AT&C losses of 48% at the time of takeover, reduced to ~29% in
FY25
13
#4: Transmission - Current Operations and Future Projects
Existing Transmission Portfolio
400 kV Double-Circuit Transmission Lines: 355 km & 220 kV Double-Circuit Transmission Lines: 128 km
Operations are conducted through Torrent Power Grid Limited (TPGL), a subsidiary wherein Torrent holds 74% & Power Grid Corporation of India Limited holds 26%.
For Transmission of power generated at Company's gas-based power plants to various off-take centres.
Operates as per CERC Tariff Regulations (i.e. Post tax ROE of 15.50% + incentives)
Transmission Projects in Pipeline
TPGL has been awarded a transmission project for evacuation of power from 4.5 GW RE Project in Khavda, Gujarat as per CERC Tariff Regulations (i.e. Post tax ROE of 15.0% +
incentives) for 35 years.
Scope: 400 kV D/C line of 60 km and bay upgradation from 2,000 Amp to 3,150 Amp Expected project cost ₹ 800 Crore Expected Implementation: FY26
Solapur Transmission project (in new SPV) for evacuation of 1,500 MW RE power was won by the Company, through Tariff Based Competitive Bidding (TBCB) process.
Scope: 400 kV D/C transmission line spanning ~44 km, together with 2 line bays and 1 substation AFC of Rs. 50 cores per annum for 35 years. Expected project cost ₹ 470 Crore Expected Implementation: FY26
Strategic Growth Path
Selective participation in tariff-based competitive bidding for inter-state and intra-state transmission projects
Evaluating brownfield opportunities to strengthen presence
14
#5: Target to Increase Renewable Portfolio to 4.9 GW
Renewable Energy Projects in Pipeline
Project
Technology
Capacity Under Installation (MWp**)
Tariff in Rs/Unit
Contracted Capacity (MW)
306*
300
100
250
450
100
149
502
Off-taker
MSEDCL
SECI
SECI
3.10
2.94
3.60
Merchant
Merchant
3.65
4.25
Own Discom
REMCL
Merchant
Merchant
Multiple
Multiple
367*
300
122
250
825
411
149
815
Expected Project Cost (Rs in Cr)
1,342
2,500
925
1,830
5,500
3,040
1,100
4,370
20,607
Remarks
SCOD by September 2025
SCOD by January 2026
SCOD by June 2026
Likely by December 2025
SCOD by September 2026
SCOD by December 2026
Likely by June 2027
To be commissioned progressively
MSEDCL
SECI XII
SECI XVI
Airpower
TPL-D
REMCL
Merchant
C&I Projects
Total
~2.1 GW
~3.1 GW
Pumped Storage Hydro Projects in Pipeline
Sites/projects of 8.4 GW are under planning stage in the states of Maharashtra and Uttar Pradesh.
Executed Energy Storage Facility Agreement with MSEDCL for developing and supplying 2,000 MW/ 16,000 MWh Pump Storage Hydro power in Raigad District for 40 years.
*MSEDCL- 70 MW (84 MWp) solar project commissioned during the quarter. **AC for Wind + DC for Solar Capacities are as on 31.03.2025
15
#3
Performance Overview
1616
Overview of Operations – Q4/ FY 2024-25
Rs in Crore
Revenue from Operations
Power Purchase Cost
Material Cost & Change in Inventory
Contribution
Other Income
G & A Expenses
PBDIT
Finance Cost
Depreciation and Amortization Expense
Profit Before Tax
Tax Expense
Profit After Tax
Other Comprehensive Income/(Expense) (Net of Tax)
Total Comprehensive Income (TCI)
Q4 24-25
Q4 23-24
% Growth
FY 24-25
FY 23-24
% Growth
6,456
4,366
382
1,708
114
578
6,529
4,463
413
1,653
97
544
(1%)
3%
1,245
1,206
3%
236
389
619
(458)
1,077
8
1,085
233
355
617
170
447
1
448
29,165
20,168
27,183
19,391
1,317
7,680
487
2,373
5,795
1,045
1,497
3,253
194
3,059
1
0%
141%
142%
3,059
1,117
6,675
344
2,115
4,904
943
1,378
2,583
687
1,896
(14)
1,882
7%
15%
18%
26%
61%
63%
17
Overview of Operations – FY 2024-25
Total Comprehensive Income (TCI) for FY 2024-25 stood at ₹ 3,059 Cr as compared to ₹ 1,882 Cr for FY 2023-24.
The major reasons for higher TCI by ₹ 1,177 Cr on y-o-y basis are:
Increase in contribution from gas-based power plants;
Increase in contribution from licensed and franchised distribution businesses;
Decrease in tax expenses mainly due to reversal of deferred tax liabilities of ₹ 637 Cr being one-time and non-cash item;
Gain on sale of Non-Current Investments;
Lower contribution from renewable businesses due to lower PLF on account of inclement weather conditions and partial
commissioning of solar project currently under stabilisation period;
Capex & commissioning of additional renewable generation capacities lead to increase in Finance & Depreciation Costs.
Dividend:
The Board has recommended final dividend of ₹ 5.00 per equity share for FY 2024-25. The total dividend for FY 2024-25 stands at ₹ 19.00 per equity share, comprising of interim dividend of ₹ 14.00 per equity share and final dividend of ₹ 5.00 per equity share
18
#1: Overview of Operations – Thermal Power
Thermal PLF %
35%
12%
SUGEN
31%
0%
UNOSUGEN
18%
0%
DGEN
27%
5%
GAS
Q4-24
Q4-25
96%
72%
35%
13%
AMGEN
THERMAL
91%
81%
37%
34%
40%
20%
15%
9%
25%
24%
33%
31%
SUGEN
UNOSUGEN
DGEN
GAS
AMGEN
THERMAL
FY-24
FY-25
19
#2: Overview of Operations – Renewable Power
Renewable Power PLF %
Q4-24
Q4-25
21%
19%
20%
18%
WIND 921 MW/ 921 MW
SOLAR 315 MWp / 825 MWp
FY-24
FY-25
27%
24%
18%
16%
WIND 921 MW/ 921 MW
SOLAR 315 MWp / 825 MWp
PLF on contracted capacity
20
#3: Overview of Operations – Power Distribution
USO/Purchase (MUs)
2,567
2,680
Q4 FY24
Q4 FY25
1,877
1,821
953
956
995
960
175
207
429
429
188
211
Ahmedabad
Surat
DDDNH
Dahej
Bhiwandi
Agra
SMK
8,820
9,229
10,363
10,742
4,025
4,107
USO/ Purchase (MUs)
FY24
FY25
3,964
3,972
798
830
2,302
2,483
839
900
Ahmedabad
Surat
DDDNH
Dahej
Bhiwandi
Agra
SMK
*Dholera SIR was operational for part year in FY24, hence comparison has not been included.
#4: 5 YEAR TREND - OPERATIONAL STATISTICS
THERMAL PLF (%)*
Distribution loss (%) Licensed Distribution
60%
58%
44%
38%
10%
20-21
77%
88%
44%
41%
31%
0%
21-22
15%
16%
2%
22-23
0%
AMGEN
SUGEN
UNOSUGEN
91%
40%
37%
33%
9%
81%
34%
31%
20% 15%
23-24
DGEN
24-25
THERMAL
6.0%
4.1%
0.5%
20-21
RENEWABLE PLF (%)
4.2%
3.4%
0.5%
21-22
3.7%
3.2%
0.5%
22-23
4.2%
2.8%
0.4%
3.3%
2.8%
0.5%
23-24
24-25
A'bad
Surat
Dahej
Distribution loss (%) Franchised Distribution
25%
18%
27%
17%
24%
19%
27%
18%
24%
16%
44.9%
13.5%
16.2%
40.5%
12.1%
33.5%
9.5%
11.6%
10.0%
20-21
21-22
22-23
23-24
24-25
20-21
21-22
22-23
30.0%
9.2%
9.6%
23-24
28.0%
8.6%
24-25
10.0%
SOLAR
WIND
Bhiwandi
Agra
SMK
Note: (i) Daman and Diu & Dadra Nagar Haveli distribution area takeover from 1st April, 2022 has not been included * In FY23, geo-political and other factors kept international gas prices elevated, leading to reduced utilization of gas-based plant capacities. - Following stabilization of gas prices, overall Plant Load Factor improved due to increased power demand and government initiatives to maximize use of gas-based capacities.
Significant Ramp Up in Operations Over Last 5 years
Revenues from Operations (₹ Crore)
EBIDTA (₹ Crore)
25,694
27,183
29,165
5,141
4,903
5,795
3,607
3,826
12,173
14,257
2020-21
2021-22
2022-23
2023-24
2024-25
2020-21
2021-22
2022-23
2023-24
2024-25
TCI* (₹ Crore)
Net Worth^ (₹ Crore)
2,989
2,117
1,833
10,724
10,289
11,979
13,295
18,968
1,291
454
2020-21
2021-22
2022-23
2023-24
2024-25
2020-21
2021-22
2022-23
2023-24
2024-25
Notes: *Without Minority Interest, TCI of FY22 is lower due to impairment provision of Rs. 928 Crore (net of deferred tax reversal). ^Net worth includes DTL.
Comfortable Leverage Provides Headroom to Capitalise on Opportunities in Green Energy Space
Net Debt / EBITDA
Net Debt Equity Ratio
1.98
1.97
0.80
0.82
0.80
2.24
2.25
1.41
0.64
0.40
20-21
21-22
22-23
23-24
24-25
20-21
21-22
22-23
23-24
24-25
Return on Capital Employed
Return on Networth
10.0%
10.3%
14.0%
11.6%
12.7%
12.4%
14.2%
19.1%
18.4%
14.5%
20-21
21-22
22-23
23-24
24-25
20-21
21-22
22-23
23-24
24-25
#4
Key Highlights
2525252525
Key Highlights
One of the leading Indian conglomerate with significant
experience in multiple businesses such as Pharma, Power and CGD
#1
Being a part of Torrent Group enables significant synergies,
provides access to talent and competitive financing
c.47.7% of operating thermal and c.52% of the operating renewable capacity tied to its own distribution business
Strong Group pedigree
Quality equipment sourced from major OEMs for the projects Competitive advantage through direct LNG imports compared
to other gas-based power projects
#4
O&M is carried out for improvement yields from the projects
High Quality and Differentiated Portfolio
#2
Proven experience in executing and operating large scale complex businesses such as Gas based power plants, Power distribution etc.
Target of scaling up installed RE capacity Opportunity of flexible generation to sell pooled
RTC power [Renewable + Gas] at a competitive cost
Strong RE Growth Focus
One of the leading integrated power utility companies
Robust Balance Sheet with good return ratios
Consistent improvement in ROE and ROCE profiles
(ROE of 18.4% & ROCE of 12.7% for FY25)
Net Debt to EBITDA of 1.41x; Net Debt to Equity of 0.4x
for FY25
c.60% of EBITDA comes from integrated generation
and distribution business segment in FY23
~1.5 GW (c.50%) of gas-based capacity available to capitalise on short-term and merchant market opportunities
#5
Distribution loss of just 2.34% in FY25 for licensed power
distribution areas with power availability of 99.9%
Operational Excellence
#3
Bhiwandi was first of its kind arrangement allowing private company to manage the area’s distribution business – reducing AT&C losses from 58% to <10% in FY25
Over 95% of generation capacity uses cleaner fuel, having
low carbon footprint
Focus on More Complex/Hybrid Solutions to generate higher returns
Focus on other green molecule technologies
i.e Green Hydrogen and Pumped Storage Power (PSP) with an eventual target of establishing c. ~8.4 GW of capacity
#6
THANK YOU
Contact details: Rishi Shah Torrent Power Limited “Samanvay”, 600 Tapovan, Ambawadi, Ahmedabad 380015 Ph. No. (079) 26628473 Email: IR@torrentpower.com
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