Archive · 2 Jun 2025
Torrent Power Inks Long-Term LNG Deal with BP Singapore
Imagine a company called Torrent Power that provides electricity.
They've made a big deal with a company called BP Singapore to buy a special gas called LNG for a long time.
This LNG will help Torrent Power make electricity for homes and businesses.
It's also for their city gas business, which provides gas for cooking and cars.
This deal helps meet the increasing need for electricity in India and supports the government's plan to use more natural gas, which is good for the environment.
Recently, Torrent Power made a lot more money than last year, thanks to their power plants and gas businesses.
This LNG deal is a step towards cleaner energy and making sure there's enough power for everyone.
Torrent Power signed an LNG supply agreement with BP Singapore.
The agreement is for up to 0.41 MTPA of LNG from 2027 to 2036.
The LNG will be used for power plants and city gas distribution.
This supports the Indian government's goal to increase natural gas in the energy mix.
Torrent Power reported a 146.3% YoY jump in net profit for Q4.
- Who
- Torrent Power and BP Singapore
- What
- Torrent Power signed a long-term deal with BP Singapore for LNG supply.
- When
- The agreement was signed on Monday, June 2, with supply starting from 2027 to 2036.
- Where
- India and Singapore
- Why
- To meet India's rising power demand, support peak demand, balance renewables, and increase natural gas usage.
- Parties Involved
- Torrent Power and BP Singapore
- LNG Amount
- Up to 0.41 MTPA
- Agreement Duration
- 2027-2036
- Use of LNG
- Power generation and gas distribution
- Company's Net Profit (Q4)
- ₹1,059.6 crore