Torrent Power posts 2% EBIDTA growth in Q1

Ahmedabad, Aug 3: Torrent Power Limited today reported EBITDA growth of 2% during the June quarter of the current financial year, despite a challenging operating environment marked by geopolitical disruptions, which affected LNG supplies and, consequently, performance of its thermal power plants.

This performance was supported by strong contribution from its Distribution and Renewable Energy businesses, which recorded EBITDA growth of 10% and 6%, respectively.

Total Comprehensive Income (TCI) was impacted by financing costs associated with strategic investments in its under-construction portfolio that is expected to support future growth.

Key factors influencing performance were:

Improved operational performance across the Company’s distribution businesses.

Improved performance of renewable portfolio, driven by higher plant load factors and contribution of projects commissioned during the previous year.

Higher finance costs resulting from increased borrowings for investments in under construction assets.

Key developments during the Quarter:

Acquisition of Nabha Power Limited

On February 16, 2026, the Company signed a Securities Purchase Agreement with L&T Power Development Limited, a wholly owned subsidiary of Larsen & Toubro Limited, to acquire 100% equity shares and convertible instruments of Nabha Power Limited (NPL).

The acquisition was consummated on June 25, 2026, for a consideration of ₹3,632.35 Crore, making NPL a wholly-owned subsidiary of the Company.

NPL operates a 2×700 MW coal-based supercritical thermal power plant in Punjab and supplies power under long-term Power Purchase Agreements with Punjab State Power Corporation Limited. (BVI)