Ahmedabad-based Torrent Power Ltd on Monday (June 2) said it has signed a long-term sales and purchase agreement (SPA) with BP Singapore Pte Limited, a subsidiary of global integrated energy company BP, for the supply of up to 0.41 MTPA (million tonnes per annum) of LNG from 2027 to 2036.
The LNG procured under this agreement will be utilised by Torrent Power — including to operate its 2,730 MW combined cycle gas-based power plants (GBPPs) in India. This will help meet the country’s rising power demand, support peak demand, and balance the renewables.
It will also support the Torrent Group’s city gas distribution (CGD) arm — Torrent Gas Ltd’s  (TGL) — growing requirement of LNG to ensure a reliable supply of gas for households, commercial and industrial consumers, and CNG vehicles.
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This agreement represents a significant strategic move, reaffirming Torrent’s commitment for clean energy, securing competitively priced LNG for long-term power generation and gas distribution, and contributes to the Government of India’s goal of increasing the share of natural gas in the energy mix to 15% by 2030 as well as strengthening India’s energy security.
Q4
For the fourth quarter, Torrent Power reported a 146.3% year-on-year (YoY) jump in net profit at ₹1,059.6 crore for the fourth quarter that ended March 31, 2025. In the corresponding quarter of the previous fiscal, Torrent Power posted a net profit of ₹430.2 crore.
The rise in profit was driven by higher contributions from its gas-based power plants and growth in its licensed and franchised distribution businesses. Additionally, a significant reduction in tax expenses contributed to the earnings boost, primarily due to a one-time, non-cash reversal of deferred tax liabilities amounting to ₹637 crore. The company also booked gains from the sale of non-current investments.
Also Read: Torrent Power Q3 Results | Net profit surges 31% to ₹489 crore; declares interim dividend
Shares of Torrent Power Ltd ended at ₹1,395, up by ₹21.55, or 1.57%, on the BSE.
(Edited by : Shoma Bhattacharjee)
