Torrent to Invest Rs 220 Billion in MP Thermal Power Plant

02 Sep 2025 CW Team

Torrent Power Ltd has received a Letter of Award (LoA) from MP Power Management Company Ltd (MPPMCL) for the development of a 1,600 MW coal-based thermal power plant in Madhya Pradesh. The greenfield facility, based on 2x800 MW ultra-supercritical technology, will be executed under the Design, Build, Finance, Own, and Operate (DBFOO) model at a tariff of Rs 5.829 per kWh.

The Rs 220 billion project marks the Torrent Group’s single largest investment in the power sector to date. The plant is expected to be commissioned within 72 months of the power purchase agreement, with the entire power output contracted to MPPMCL.

Coal supply for the plant will be arranged by MPPMCL under the Ministry of Coal’s SHAKTI policy. Torrent stated that the use of ultra-supercritical technology will enable higher efficiency and lower emissions compared to conventional thermal plants.

The construction phase is projected to generate between 8,000 and 10,000 jobs, with around 1,500 positions created for ongoing operations.

Jinal Mehta, Vice Chairman and Managing Director of Torrent Power, said, “This project will contribute meaningfully to India’s goal of adding 80 GW of coal-based capacity by 2032 and support grid stability through reliable base load power.”

On Friday, shares of Torrent Power closed at Rs 1,238.90 on the NSE, down 0.75 per cent.

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..