Torrent Power Share Price Surges on LNG Agreement with BP Singapore

In a strategic move to strengthen its energy portfolio and align with India’s long-term energy goals, Torrent Power Limited (TPL) has formalised a long-term Sales and Purchase Agreement (SPA) with BP Singapore Pte. Limited. This partnership underscores TPL’s vision to support clean energy initiatives, ensure a reliable power supply, and address the increasing demand for natural gas in the country.

Torrent Power's Strategic LNG Procurement for Clean Energy Goals

On June 2, 2025, Torrent Power announced the signing of a long-term SPA with BP Singapore Pte. Limited, a subsidiary of the global integrated energy company BP. The agreement involves the supply of up to 0.41 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG) spanning from 2027 to 2036.

TPL plans to strategically use the LNG to operate its 2,730 MW Combined Cycle Gas-Based Power Plants (GBPPs) across India. This move will not only cater to the nation’s increasing power demand but also support peak load requirements and facilitate the integration of renewable energy. Additionally, the gas will aid Torrent Gas Ltd. (TGL), the city gas distribution arm of the group, in ensuring consistent LNG supply for domestic households, commercial and industrial clients, and compressed natural gas (CNG) vehicles.

The agreement also strengthens India’s energy security and supports the Government of India's vision of increasing the share of natural gas in the country’s energy mix to approximately 15% by 2030. Torrent Power aims to secure competitively priced LNG, thereby reinforcing its commitment to clean and sustainable energy practices.

Torrent Power Overview and Operational Capacity

Torrent Power, part of the ₹45,000 crore Torrent Group, is an integrated power utility with operations in generation, transmission, and distribution. It holds a total installed generation capacity of 4,838 MWp, which includes 2,730 MW gas-based, 1,746 MWp renewable, and 362 MW coal-based capacity. In addition, the company is developing renewable projects totalling 3,154 MWp and pump storage capacity of 3,000 MW, taking the aggregate generation and storage capacity to 7,992 MWp and 3,000 MW, respectively.

The company supplies nearly 31 billion units of electricity to over 4.21 million customers across major cities and industrial hubs in Gujarat, Maharashtra, Uttar Pradesh, and Union Territories such as Dadra and Nagar Haveli and Daman and Diu. Notably, TPL has earned recognition as a top power distributor in India with the lowest Aggregate Technical & Commercial (AT&C) losses and superior reliability in its Gujarat-licensed areas.

Read More: Torrent Power Q4FY25 Earnings: Revenue Dipped 1%, Proposed Dividend of ₹5!

Torrent Power Share Performance 

As of June 03, 2025, at 11:08 AM, Torrent Power share price is trading at ₹1,416.80 per share, reflecting a surge of 1.45% from the previous closing price. Over the past month, the stock has declined by 4.13%. 

Conclusion

Torrent Power’s alliance with BP Singapore signals a robust step towards enhancing its clean energy infrastructure and meeting India’s future energy requirements. Through strategic procurement and operational excellence, the company is positioned to play a critical role in shaping a sustainable and secure energy landscape for the nation.

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