Torrent Power Limited has informed the Exchange about receipt of Letter of Award on Development of 1,600 MW Thermal Power Project in Madhya Pradesh and supply power to MP Power Management Company Limited.
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Torrent Power has received a Letter of Award from MP Power Management Company Limited (MPPMCL), a Madhya Pradesh government entity, to develop a 1,600 MW coal-based thermal power plant using Ultra Supercritical technology. The project is estimated to cost around Rs. 22,000 crore and is expected to generate about Rs. 6,500 crore in annual revenue over a 25-year contract period. Coal for the power station will be arranged by MPPMCL under the SHAKTI Policy. The order is domestic, with no related party involvement.
This is a major capacity addition of 1,600 MW that significantly expands Torrent Power's generation portfolio and locks in long-term revenue visibility for 25 years. The project size represents a substantial share of the company's existing revenue base, likely boosting future earnings and earnings visibility, and could act as a positive catalyst for the stock.