Torrent Power shares up nearly 2% as it signs long-term LNG supply deal with BP Singapore for Rs 192 crore energy project

The LNG will be used to operate Torrent’s 2,730 MW gas-based power plants, meeting peak power demand and balancing renewable energy inputs. It will also serve Torrent Gas Ltd.’s city gas distribution needs for residential, commercial, and CNG vehicle segments.

The company noted this move as a step toward strengthening India’s energy security and supporting the government’s goal of increasing natural gas’s share in the energy mix to ~15% by 2030. Torrent also hinted at further exploring medium- and long-term LNG procurement opportunities to meet its growing energy needs.

As of the latest update, Torrent Power’s stock was trading at ₹1,418.40, up ₹21.90 or 1.57%, with a market cap of ₹713.02 billion.

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