Torrent Power Shares in Focus: Received Approval for Parallel Power Distribution in Maharashtra

On June 22, 2025, Torrent Power shares are in focus as the company has received a key approval from the Maharashtra Electricity Regulatory Commission (MERC) to initiate parallel electricity distribution services in Pune, Nagpur, and the Mumbai Metropolitan Region (MMR). This move paves the way for competition in the power distribution sector in these high-demand urban centers.

Regulatory Nod for Parallel Distribution

In a public notice dated June 23, MERC announced it was satisfied with Torrent Power's application to operate as a parallel power distributor. This decision marks a significant regulatory milestone, allowing Torrent to enter territories traditionally served by state-run and existing private DISCOMs.

Torrent Power's petition was originally filed in December 2022, making this a breakthrough after over two and a half years of regulatory scrutiny. The clearance allows the company to move one step closer to offering its services to end-users.

Torrent Power's proposed tariff rates are slightly lower than current market prices, offering potential savings for residential and commercial consumers. This price advantage could help the company attract a significant user base once operations begin.

Major Investment Plan for Infrastructure

To support its parallel distribution network, Torrent Power has laid out a capital expenditure plan of approximately ₹15,000 crore over the next five years. The investment will go towards developing essential infrastructure such as transformers, substations, and distribution lines. The company is targeting a 15.5% return on equity (RoE) from this investment.

The MERC will conduct a final hearing on July 22 to review Torrent Power’s detailed petition. A favourable outcome would grant the company full permission to commence parallel distribution operations in the approved areas.

This development could be a game-changer in Maharashtra’s power distribution landscape, offering more choices to consumers and potentially improving service quality through healthy competition.

Also Read: Raymond Realty Forms New Board Ahead of July Listing: Gautam Singhania to Become MD 

Torrent Power Share Price

Torrent Power Share Price opened at ₹1,479.95 on BSE, reaching a day high of ₹1,479.95 at 11:33 AM on BSE.

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