TORRENT POWER STOCK IN FOCUS AFTER SIGNING 10 YEAR LNG PROCUREMENT DEAL WITH JAPAN

has signed a 10-year LNG procurement deal with Japan’s JERA to run it's gas-based power plants, thereby strengthening energy security and supporting India’s push toward a cleaner, gas-based energy mix. The LNG secured under this agreement will be strategically utilised by . It will be used to operate the company’s 2,730 MW combined cycle Gas-Based Power Plants (GBPPs) across India, helping meet the country’s rising power demand, manage peak load requirements, and support renewable energy balancing. Additionally, the arrangement will cater to the growing LNG needs of Torrent Gas Ltd, ensuring reliable gas availability for households, commercial and industrial customers, and CNG vehicles. With a market cap of Rs 63,656 crore, the company's share price is currently trading at a discount of 35% from it's all time high price in Oct24. Such agreement will help the company to grow it's profits in the long run.