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Torrent Power Ltd. Company History and Annual Growth Details

2005

-Torrent Power AEC Limited launches "Fixed Service Line Charges"
-Torrent Power SEC Limited launches Services at Customers Doorstep
-Torrent Power Generation Limited begins construction of its 1147.5 MW SUGEN Project

2006

-Torrent Power Ltd has informed that the Company has signed the Distribution Franchise agreement with The Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for the distribution of power to 1.6 lac customers in Bhiwandi circle for a period of ten years.

-Torrent Power signs Joint Venture with POWERGRID
-Torrent Power gets Gujarat High Court nod for merger scheme
2007

- Torrent Power Limited has appointed Mr. D B Shah as the Company Secretary as well as the Compliance Officer as per the provisions of the Listing Agreement vice Mr. Jagdish A Mehta.

-Torrent Power Ltd has appointed Mr. P S Shenoy as an Additional Director on the Board of the Company with effect from March 17, 2007.

-Torrent Power Ltd has informed that the Company has signed a Memorandum of Understanding (MoU) with Gujarat Power Corporation Ltd on May 22, 2007 for setting up a 1000+ MW coal based power project at Pipavav in Amreli District, Gujarat.

2008

- Torrent Power Ltd has informed that Shri. Samir K Barua has been appointed as a Director on the Board of the Company with effect from January 29, 2008 to fill in the vacancy caused by resignation of Dr. Bakul Dholakia.

-Torrent Power Ltd has informed that the Board of Directors of the Company at its meeting held on July 30, 2008, inter alia, has appointed Shri. M M Srivastava, IAS as an additional director of the Company.

2009

--Torrent Power signs distribution franchisee agreement for Kanpur & Agra

2010

- Torrent Power Ltd has informed that the Board of Directors of the Company at its meeting held on January 28, 2010, appointed Shri. Keki Mistry as Additional Director.

2011

- The Board has recommended normal annual dividend Rs. 3.00 per equity share of Rs. 10/
each.

- The Company has appointed Shri D. J. Pandian, IAS as an Additional Director.

2012

- The Board has recommended special dividend as final dividend of Rs. 3.50 (35%) per equity share of Rs. 10/- each.

- Torrent Power gets CRISIL AA/Stable credit rating for Rs 550.

2013
- The Board has recommended dividend of Rs. 2.00 per equity share of Rs. 10/- each

2014
- The Board has recommended dividend of Rs. 0.50 per equity share of Rs. 10 each
-Torrent Energy Ltd (TEL), a wholly owned subsidiary of Torrent Power Ltd has successfully completed the technical commissioning of nearly 1200 MW gas based DGEN Mega Power Project at Dahej SEZ, District Bharuch, Gujarat.

2015
-Torrent Power Launches First-Of-Its-Kind Mobile App
-Torrent Power Launches Comprehensive Customer Service Portal

2016

-Torrent Power Ltd has entered into a contract with a leading wind turbine generator manufacturing group for development of the 197.40-MW project.

-Torrent Power Ltd has forayed into an agreement with a leading wind turbine generator manufacturing firm for the purpose of developing 197.40 megawatt wind power project across 3 sites in Gujarat.

-Tthe Company has filed the Certified Copy of Order of HonÂble High Court of Gujarat, sanctioning the Scheme of Arrangement which provides for the Transfer and vesting of the Solar Energy Undertaking as well as Wind Energy Undertaking of Torrent Solargen Limited by way of slump sale to Torrent Power Limited, with the Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad on December 01, 2016 and accordingly the Scheme has become effective on December 01, 2016

2018

-Torrent Power biggest winner in wind projects auction

-Torrent wins 124.4 MW in the Reverse E-Auction Process, held by Maharashtra State Electricity Distribution Company Ltd.

-Torrent emerges as the biggest winner under the e-Reverse Aucon for wind projects
held by SECI (Tranche III)

2019

-The company has informed that Hon ble National Company Law Tribunal, Ahmedabad Bench, ( NCLT ) has sanctioned the Scheme of Arrangement between Torrent Power Limited ( TPL or the Company ) and TCL Cables Private Limited ( TCPL ), and their respective shareholders and creditors for transfer and vesting of Cable Business Undertaking of the Company to TCPL on a going concern basis by way of slump sale under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.

2021

-Torrent Power acquires 50 MW Solar Power Plant from Lightsource bp and UKCI
-Torrent Power acquires 156 MW Wind Power Plants from CESC Limited
-Torrent Power emerges as the highest Bidder for 51% privatization of Power Distribution Company in the UT of Dadra & Nagar Haveli and Daman & Diu

2022

-Torrent Power Limited has informed the Exchange about Acquisition of equity shares of Wind Two Renergy Private Limited from Inox Green Energy Services Limited.
-Torrent Power acquires 50-MW solar plant for Rs 416 cr in Telangana.
-Torrent Power Limited has informed the Exchange about execution of Share Purchase Agreement between Torrent Power Limited and SkyPower Southeast Asia.
-Torrent Power Limited has informed the Exchange about Completion of Acquisition of Surya Vidyut Limited.

2023

-Company has entered into a share Purchase Agreement for acquisition of 100% Equity Share Capital of Airpower Windfarms Private Limited.

-Company "commissioned 115MW Wind Power Project through its wholly owned subsidiary Torrent Solargen Limited in Devbhumi Dwarka District of Gujarat''.

-Torrent Power signed MoU with Govt of Maharashtra for three Pumped Storage Hydro Projects of 5,700 MW capacity.

-Award of turnkey work to Suzlon for a 300 MW Wind Power Project to be developed in Karnataka.

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