Torrent Power Limited has informed the Exchange regarding a press release dated Jun 02, 2025, titled "Media Release on signing long-term Sales and Purchase Agreement (SPA) with BP Singapore Pte. Limited, a subsidiary of global integrated energy company bp, for supply of up to 0.41 MMTPA of LNG from 2027 to 2036".
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Torrent Power has signed a 10-year Sales and Purchase Agreement with BP Singapore Pte. Limited, a subsidiary of global energy major bp, for supply of up to 0.41 MMTPA of LNG from 2027 to 2036. The LNG will be used to fuel its 2,730 MW gas-based power plants in India, helping meet peak power demand and balance its renewable energy portfolio. It will also support its City Gas Distribution arm, Torrent Gas Ltd, which supplies gas to households, industries, and CNG vehicles. The company is taking advantage of softer global LNG prices to lock in competitively priced long-term supply, and plans to explore additional medium- and long-term LNG deals to support growing demand.
This is a positive development for shareholders as it secures predictable, competitively priced fuel supply for a decade, reducing input cost risk for Torrent Power's generation and gas distribution businesses while supporting future growth.