torrent-power

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Daily News Wrap-Up: Capital Markets Gain Ground in Clean Energy Funding

As India’s clean energy sector enters its next phase of growth, capital markets are emerging as a critical source of financing. Renewable energy developers, engineering,...

June 26, 2026

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Mercom Staff

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Daily Wrap-up
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Torrent Power Raises ₹38 Billion Via Non-Convertible Debentures

Gujarat-based Torrent Power has raised ₹38 billion (~$402 million) through the private placement of secured, rated, listed, taxable, non-cumulative, redeemable, and...

June 25, 2026

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Parth Shukla

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Finance and M&A

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Press Releases
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Torrent Power’s Q4 FY 2026 Revenue Flat Due to Gas Market Volatility

Gujarat-based Torrent Power posted revenue of ₹64.06 billion (~$673.03 million) in the fourth quarter (Q4) of the financial year (FY) 2026, down 0.8% year-over-year...

May 13, 2026

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Rakesh Ranjan

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Finance and M&A

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Renewable Energy
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ANDRITZ to Supply Equipment for Torrent’s 3 GW Pumped Storage Project

Austria-based international technology group ANDRITZ has secured an order to equip Gujarat-based Torrent Power’s 3,000 MW Saidongar-1 pumped storage project (PSP) in...

April 14, 2026

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Parth Shukla

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Energy Storage

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Press Releases
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Funding and M&A Roundup: Solar Module Manufacturer HELIUP Raises $19 Million

HELIUP, a solar module manufacturer for large rooftops of commercial and industrial buildings, closed a €16 million (~$19 million) funding round. Supernova Invest led...

March 11, 2026

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Staff

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Solar

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Storage
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Torrent Power Issues Non-Convertible Debentures Worth ₹20 Billion

Gujarat-based Torrent Power has raised ₹20 billion (~$216.58 million) through private placement of secured, non-convertible debentures (NCDs). The debenture issue...

March 10, 2026

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Melvin Mathew

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Finance and M&A

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Grid
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Improved Renewables Business Performance Drives Torrent’s Revenue Up

Gujarat-based Torrent Power‘s revenue from operations increased 4% year-over-year (YoY) to ₹67.78 billion (~$747.72 million) in the third quarter (Q3) of the financial...

February 11, 2026

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Parth Shukla

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Finance and M&A

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Renewable Energy
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Torrent Power’s Revenue Up 10% in Q2 FY 2026 on Higher Merchant Power Sales

Gujarat-based Torrent Power‘s revenue from operations increased 10% year-over-year (YoY) to ₹78.76 billion (~$888.76 million) in the second quarter (Q2) of the...

November 12, 2025

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Arjun Joshi

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Finance and M&A

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Other
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MERC Approves Additional 500 MW Pumped Hydro Storage Procurement

The Maharashtra Electricity Regulatory Commission (MERC) has approved Maharashtra State Electricity Distribution Company’s (MSEDCL) petition for the procurement of an...

September 2, 2025

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Staff

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Energy Storage

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Market & Policy
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Torrent Power Floats 200 MW FDRE Tender with Battery Energy Storage

Torrent Power has issued a Request for Selection (RfS) to procure 200 MW of firm and dispatchable renewable energy (FDRE) with an energy storage system (ESS) and a...

August 11, 2025

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Staff

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Energy Storage

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Tenders & Auctions
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Lower Power Demand Drives Torrent Power’s Q1 Revenue Down 12% YoY

Gujarat-based Torrent Power’s revenue from operations decreased 12% year-over-year (YoY) to ₹79.06 billion (~$900.3 million) in the first quarter (Q1) of the financial...

August 6, 2025

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Arjun Joshi

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Other

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Renewable Energy
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Power Distribution Businesses Drive Torrent’s Net Profit Up 142% in Q4

Gujarat-based power company Torrent Power’s total comprehensive income jumped by 142% year-over-year (YoY) in the fourth quarter (Q4) of the financial year (FY) 2025 to...

May 15, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Daily News Wrap-Up: India’s Solar Power Generation Up 18% in 2024

India’s solar power generation rose nearly 18% year-over-year (YoY) to 133.8 billion units (BU) in 2024 from 113.4 BU, according to data published by the Central...

February 6, 2025

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Mercom Staff

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Daily Wrap-up
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Torrent’s Q3 Profit Up 31% on Higher Merchant Sales and Power Demand

Gujarat-based power company Torrent Power recorded a profit after tax (PAT) of ₹4.89 billion (~$55.9 million) for the third quarter (Q3) of the financial year (FY) 2025,...

February 5, 2025

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Tina Freese

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Finance and M&A

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Other

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Renewable Energy
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Funding and M&A Roundup: ConnectDER Secures $35 Million in Series D Funding

ConnectDER, a provider of home energy technology solutions, secured $35 million in Series D funding. The funding round was led by Decarbonization Partners, a partnership...

December 11, 2024

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Staff

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Smart Grid

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Solar

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Storage

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