Torrent Power witnessed lower T&D losses in its power distribution business during the first nine months (9M: April to December) of FY25.
According to calculations made by T&D India, based on information released by Torrent Power in its investor presentation, the company saw T&D losses fall to 4.27 per cent in 9MFY25 from 4.62 per cent in the same period of FY24.
This consolidated metric is derived as a weighted average of T&D losses across Torrent Power’s licensed and franchised areas with weights assigned to electricity purchase. (see table)
The distribution licensee business in the Union Territory of Dadra & Nagar Haveli and Daman & Diu (DNHDD) has wielded a positive influence of Torrent Power’s distribution portfolio performance.
In the 9MFY25 period, electricity purchase of DNHDD accounted for nearly 36 per cent of Torrent Power’s total for the period. More importantly, this licensed area witness remarkably low T&D losses of just 1.43 per cent in 9MFY25, making a significant contribution towards lowering overall T&D losses of the portfolio.
Power transmission business
The investor presentation noted that Torrent Power was evaluating brownfield (acquisition) opportunities to strengthen the company’s presence in the power transmission space. Besides, Torrent Power would be selectively participating in both interstate and intrastate projects to be developed under the tariff-based competitive bidding (TBCB) route.
Currently, Torrent Power has one ISTS-TBCB project housed under “Solapur Transmission Ltd,” aiming at evacuation of 1.5 GW of RE power in Maharashtra. With an estimated outlay of Rs.470 crore, this project is scheduled to commission in FY26. The scheme involves building a new 400/220kV substation at Solapur in Maharashtra, supported by a 400kV double-circuit line running around 44 km.
Torrent Power Grid Ltd (a 74:26 joint venture between Torrent Power Ltd and Power Grid Corporation of India Ltd) is also developing an ISTS-RTM project costing Rs.800 crore. This project, associated with evacuation of 4.5 GW of RE power from Khavda in Gujarat, is currently under execution and is scheduled to commission in FY25 itself.
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Note: The calculation for T&D losses does not include the newly added Dholera Special Investment Region that was operational for only for a part of FY24. Torrent Power is a second licensee in the Dholera SIR area. Featured photograph is a file picture of Torrent Power’s 220kV substation at Dholera SIR.
