Torrent Power Limited shares surged 4% in Monday’s trade after the company announced a major breakthrough in its power portfolio. The integrated private power utility received a Letter of Award (LoA) from MP Power Management Company Limited (MPPMCL) to set up a 1,600 MW coal-based ultra-supercritical power plant in Madhya Pradesh.
The project was secured through a competitive bidding process at a tariff of ₹5.829 per kWh. It will be developed as a greenfield 2×800 MW facility under the Design, Build, Finance, Own, and Operate (DBFOO) model, with the entire capacity tied up for supply to MPPMCL. Coal requirements will be met by MPPMCL under the Ministry of Coal’s SHAKTI policy.
With a commissioning timeline of 72 months from the signing of the Power Purchase Agreement, the plant represents Torrent Group’s single largest investment in the sector, pegged at around ₹22,000 crore.
What makes this project stand out is the adoption of ultra-supercritical technology, which offers higher efficiency and lower emissions compared to conventional coal plants. Beyond its environmental advantages, the project is expected to generate 8,000–10,000 jobs during construction and nearly 1,500 during operations, providing a significant employment boost in Madhya Pradesh.
Post this award, Torrent Power’s portfolio will expand to 9.6 GWp of locked-in generation capacity and 3 GW of pumped storage, comprising 4.9 GWp of installed capacity, 3.1 GWp of renewable projects under development, 1.6 GW of thermal capacity, and 3 GW of pump storage.
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