Torrent Power has announced robust financial results for the quarter and year ended March 31, 2026. The Board has recommended a final dividend of ₹5 per equity share, following an interim dividend of ₹15, totaling ₹20 for the fiscal year. The company also unveiled strategic plans to raise up to ₹10,000 crore through non-convertible debentures and confirmed the acquisition of Nabha Power Limited to expand its generation capacity.
Annual Financial Performance
For the financial year ended March 31, 2026, Torrent Power reported a standalone profit of ₹2,575.11 crore. The company’s total income for the year stood at ₹22,535.98 crore. On a consolidated basis, the company achieved a profit for the period of ₹2,469.36 crore, supported by significant operational output from its generation, transmission, and distribution segments.
Strategic Investments and Expansion
A key highlight of the recent board meeting was the announcement of the acquisition of Nabha Power Limited. On February 16, 2026, the company entered into a share purchase agreement to acquire 100% of the equity shares and convertible instruments of the entity for a consideration of ₹3,660.87 crore. This coal-based thermal power plant in Punjab features a 2X700 MW capacity and is backed by long-term power purchase agreements.
Capital Allocation and Fundraising
To support its ongoing expansion and capital requirements, the Board has approved the raising of funds through the issuance of Non-Convertible Debentures (NCDs) worth up to ₹10,000 crore via private placement. Furthermore, shareholders are set to receive a final dividend of ₹5 per share, supplementing the interim dividend already paid, reflecting the company’s commitment to delivering consistent shareholder value.
Leadership Continuity
The Board has recommended the re-appointment of Independent Directors Radhika Haribhakti and Ketan Dalal for a second and final term of five years each. These appointments reinforce the company’s commitment to strong corporate governance as it navigates its next phase of growth in the energy sector.
Source: BSE
