Torrent Power bags 156 MW wind projects worth Rs 7.9 bn from CESC

23 Sep 2021 CW Team

Surya Vidyut controls and operates 156 MW of wind power projects in Gujarat, Rajasthan, and Madhya Pradesh. The firm has had long-term Power Purchase Agreements (PPAs) with the state distribution companies (discom) for 25 years, with a weighted average PPA tariff of Rs 4.68 per kWh.

The projected enterprise cost for this purchase is about Rs 7.9 billion, subject to closing rate adjustments.

Torrent Power, the integrated power utility of the diversified Torrent Group, has group revenues of Rs 205 billion and a market capitalisation of Rs 750 billion, with a presence across the complete power value chain of production, transmission, and distribution.

The firm has 3,879 MW of established production capacity, with 2,730 MW of gas-fired, 787 MW of renewable, and 362 MW of coal-fired projects. Approximately 815 MW of renewable energy projects are in the pipeline, with letters of award and PPAs in place for 515 MW. Torrent Power’s overall production capacity will rise to 4.9 GW, with a renewable portfolio of over 1.8 GW, following the purchase of the wind power plants.

CESC Limited is a vertically integrated power firm that produces, transmits, and distributes electricity and is part of the RP-Sanjiv Goenka Group. Surya Vidyut Limited’s equity share capital is owned by CESC Limited (53.79%), Haldia Energy Limited (46.21%), and other nominal shareholders.

This purchase installs Torrent’s renewable energy presence in Rajasthan and Madhya Pradesh.

Earlier, torrent power had purchased 100% of the share capital and all securities of Lightsource Renewable Energy Holdings’ special purpose vehicle, which runs a 50 MW solar project.

Torrent has also auctioned a 300 MW solar plant discovering a tariff of Rs 2.22 per kWh. Additionally, the auction had a greenshoe option.

Image Source

Also read: Tata Power subsidiary gets LoI for 250 MW solar plant in Maharashtra

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Torrent Power Limited has entered into a share purchase agreement with CESC Limited, Haldia Energy Limited, and other nominal shareholders to obtain 100% of the share capital of Surya Vidyut Limited, a wholly-owned subsidiary of CESC Limited. Surya Vidyut controls and operates 156 MW of wind power projects in Gujarat, Rajasthan, and Madhya Pradesh. The firm has had long-term Power Purchase Agreements (PPAs) with the state distribution companies (discom) for 25 years, with a weighted average PPA tariff of Rs 4.68 per kWh. The projected enterprise cost for this purchase is about Rs 7.9 billion, subject to closing rate adjustments. Torrent Power, the integrated power utility of the diversified Torrent Group, has group revenues of Rs 205 billion and a market capitalisation of Rs 750 billion, with a presence across the complete power value chain of production, transmission, and distribution. The firm has 3,879 MW of established production capacity, with 2,730 MW of gas-fired, 787 MW of renewable, and 362 MW of coal-fired projects. Approximately 815 MW of renewable energy projects are in the pipeline, with letters of award and PPAs in place for 515 MW. Torrent Power’s overall production capacity will rise to 4.9 GW, with a renewable portfolio of over 1.8 GW, following the purchase of the wind power plants. CESC Limited is a vertically integrated power firm that produces, transmits, and distributes electricity and is part of the RP-Sanjiv Goenka Group. Surya Vidyut Limited’s equity share capital is owned by CESC Limited (53.79%), Haldia Energy Limited (46.21%), and other nominal shareholders. This purchase installs Torrent’s renewable energy presence in Rajasthan and Madhya Pradesh. Earlier, torrent power had purchased 100% of the share capital and all securities of Lightsource Renewable Energy Holdings’ special purpose vehicle, which runs a 50 MW solar project. Torrent has also auctioned a 300 MW solar plant discovering a tariff of Rs 2.22 per kWh. Additionally, the auction had a greenshoe option. Image SourceAlso read: Tata Power subsidiary gets LoI for 250 MW solar plant in Maharashtra

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Infrastructure Transport

05 Sep 2025

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Infrastructure Transport

05 Sep 2025

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..