Torrent Signs LNG Deal With BP Singapore

03 Jun 2025 CW Team

Torrent Power Ltd (TPL) has entered into a long-term Sales and Purchase Agreement with BP Singapore Pte. Ltd., a subsidiary of global energy major bp, for the supply of up to 0.41 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG) from 2027 to 2036.

The LNG secured under this agreement will be used strategically by TPL to power its 2,730 MW combined cycle gas-based power plants (GBPPs) across India. These plants play a critical role in addressing peak electricity demand, supporting renewable integration, and maintaining grid stability.

Additionally, the LNG will cater to the rising requirements of Torrent Gas Ltd. (TGL), the City Gas Distribution (CGD) arm of the Torrent Group. The supply will help ensure consistent availability of natural gas for residential, commercial, industrial users, and compressed natural gas (CNG) vehicles.

The agreement underscores Torrent’s commitment to clean energy and supports the Government of India’s goal of increasing natural gas's share in the national energy mix to approximately 15 per cent by 2030. It also aligns with the broader agenda of enhancing India’s energy security through diversified, reliable fuel sourcing.

TPL and TGL also plan to explore additional medium- and long-term LNG procurement opportunities in response to increasing demand across their power and CGD operations. The strategy aims to strengthen supply reliability while leveraging favourable LNG market conditions to optimise procurement costs.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..