Torrent Power terminates 300 MW wind PPA and faces ₹39.78 crore liquidated damages
As filed · Torrent Power Limited has informed the Exchange about Update on Letter of Award Long Term Power Purchase Arrangement for 300 MW Wind Power Project received on July 14, 2022
What happened
FactTorrent Saurya Urja 2 Private Limited, a wholly owned subsidiary within the Torrent group, terminated its 300 MW wind power PPA with SECI after project implementation was materially impacted by force majeure events and external infrastructure delays. Under the applicable contractual provisions, ₹39.78 crore in liquidated damages is payable.
Why it matters
CapitSignal interpretationAn order converts to revenue over its execution period, so its size relative to existing revenue decides whether it changes the trajectory or is routine flow.
Scale
- 0.2% of FY26 revenue
₹39.78 Cr stated in the filing against ₹21,850.03 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
Watch next
Fact- Execution period stated in the order
- Whether the order book total is disclosed
- Margin commentary at the next results
- Torrent Power to develop 1,600 MW Coal-Based Thermal Power Project in Madhya Pradesh (management committed by FY27)
- Company to set up a greenfield 2x800 MW Ultra-Supercritical power plant in Madhya Pradesh, making it the singl (management committed by FY27)
Evidence
How CapitSignal classified this
- Reasoning:
- The termination removes the 300 MW project from the group’s implementation pipeline and creates a contractual liquidated-damages payment obligation of ₹39.78 crore. The filing attributes the decision to continued uncertainty around the project’s scheduled commercial operation date after repeated extensions.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%