Torrent Power Share Price Jumps 7% as Company Bags ₹22,000 Crore Ultra-Supercritical Power Project

Market Performance

Torrent Power share price witnessed a sharp rally in Monday’s session, climbing nearly 7% after the company secured a major project win. The stock opened at ₹1,283.40 per share on the BSE, hit an intraday high of ₹1,313.70, and touched a low of ₹1,255.85 before settling higher.

The surge in investor sentiment was driven by the announcement of a ₹22,000 crore investment in a coal-based ultra-supercritical power plant in Madhya Pradesh.

The Big Announcement

Torrent Power received a Letter of Award (LoA) from MP Power Management Company Ltd (MPPMCL). The award came through a competitive bidding process, where Torrent secured a tariff of ₹5.829/kWh.

The project involves setting up a greenfield ultra-supercritical power plant with a capacity of 2x800 MW (1,600 MW). The entire power output from this facility will be supplied to MPPMCL under a 25-year Power Purchase Agreement (PPA).

Coal for the project will be arranged by MPPMCL under the SHAKTI Policy, notified by the Ministry of Coal.

Company Details

• Investment Size: ₹22,000 crore
• Project Capacity: 1,600 MW (2x800 MW)
• Location: Madhya Pradesh
• Tariff: ₹5.829/kWh
• Power Supply Agreement: 25 years with MPPMCL
• Timeline: Project to be commissioned within 72 months of signing PPA

This project is set to become Torrent Group’s largest financial commitment in the power sector so far.

Employment & Economic Impact

The construction phase of the project is expected to generate between 8,000–10,000 direct and indirect jobs. Once operational, it will support around 1,500 jobs.

This investment is also in line with India’s broader energy roadmap. By adding 80 GW of coal-based capacity by 2032, the government aims to strengthen the nation’s energy backbone, ensuring grid stability and supporting industrial growth.

Capacity Expansion

With this upcoming power plant, Torrent Power’s portfolio will rise significantly:

• Total Committed Generation Capacity: 9.6 GWp
• Pumped Storage Projects: 3 GW

This expansion further cements Torrent’s position as a key player in India’s power sector.

Summary

Torrent Power’s stock surged 7% on the back of its ₹22,000 crore investment in a 1,600 MW ultra-supercritical coal-based power project in Madhya Pradesh. With a 25-year power purchase agreement, the project will not only boost Torrent’s generation capacity but also contribute to India’s long-term energy goals.

For investors tracking Torrent Power share price and the stock market today, this development signals one of the company’s most ambitious steps in recent years.