Torrent Power Q1 Hit by Low Demand, Gas Prices

06 Aug 2025 CW Team

Torrent Power Limited has announced its financial results for the quarter ended 30 June 2025. While the company’s core operations remain robust, performance this quarter was adversely affected by reduced power demand following the early arrival of the monsoon and high gas prices, which curtailed merchant earnings from gas-based generation.

Adjusted for these headwinds, Torrent’s total comprehensive income (TCI) remained largely in line with the same quarter last year.

Key contributors to the performance included:

Higher contribution from the renewable energy segment, driven by new solar capacity and improved wind conditions, which enhanced plant load factors (PLF).
In the distribution business, profitability rose due to improved operational metrics, even after adjusting for one-time tariff order income recorded in the previous year.

The company stated it remains well-positioned to manage cyclical volatility owing to its diversified operations across generation, distribution, and renewables.

Equipment

09 Jan 2026

BKT Partners All Teams in India’s Women’s T20 League

Balkrishna Industries (BKT), a global leader in the off-highway tyre market, announced its association as the Official Tyre Partner for all five teams competing in India’s premier women’s T20 championship – Mumbai Indians, Royal Challengers Bangalore, Delhi Capitals, Gujarat Giants, and UP Warriorz – for the upcoming season. This move reinforces BKT’s commitment to using sport as a platform for inclusion, opportunity, and long-term development.These partnerships reflect BKT’s belief in the transformative power of sport, particularly in advancing women’s participation and creating..

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..