Torrent Power is currently trading at Rate RS 1418.90, up by 22.45 points or 1.61% from its previous close of Rate RS 1396.45 on the BSE.

The stock opened at Rate RS 1425.00 and has recorded a high and low of Rate RS 1425.00 and Rate RS 1402.85 respectively. So far, 16,006 shares have been traded on the counter.

A BSE group 'A' stock with a face value of Rate RS 10, the scrip has touched a 52-week high of Rate RS 2037.35 on 22-Oct-2024 and a 52-week low of Rate RS 1207.20 on 17-Feb-2025.

The last one week’s high and low stood at Rate RS 1426.00 and Rate RS 1361.85 respectively. The current market capitalisation of the company is Rate RS 71,443.44 crore.

Promoters hold 51.09% stake in the company, while institutions and non-institutional investors hold 39.68% and 9.24% respectively.

Torrent Power (TPL) has signed a long-term Sales and Purchase Agreement (SPA) with BP Singapore Pte, a subsidiary of the global energy major bp, for the supply of up to 0.41 MMTPA of LNG from 2027 to 2036. The LNG procured under this agreement will be strategically used by TPL to operate its 2,730 MW Combined Cycle Gas-Based Power Plants (GBPPs) across India. This will help meet rising power demand, support peak demand periods, and balance renewable energy sources.

Additionally, the deal will support Torrent Group’s City Gas Distribution (CGD) arm, Torrent Gas (TGL), catering to the increasing LNG requirements to ensure reliable gas supply for households, commercial and industrial consumers, and CNG vehicles.

This agreement marks a significant strategic move for Torrent, reaffirming its commitment to clean energy and securing competitively priced LNG for long-term power generation and gas distribution. It aligns with the Government of India’s target to increase natural gas’s share in the energy mix to around 15% by 2030 and strengthens the country’s energy security.

Leveraging the current softness in LNG prices, TPL and TGL intend to explore additional medium- and long-term LNG procurement opportunities to meet growing demand from their GBPPs and CGD networks, enhancing portfolio diversity and reliability in energy supply.

Torrent Power is an integrated utility engaged in power generation, transmission, and distribution with operations in the states of Gujarat, Maharashtra, and Uttar Pradesh.