Indian integrated power utility company Torrent Power Limited has reported a substantial surge in Revenue from Operations for Q4 FY 2022-23, reaching INR 6,038 crores, up 61% from the previous year’s INR 3,744 crores. Annual revenue for FY 2022-23 amounted to INR 25,694 crores, an 80% increase from FY 2021-22’s INR 14,258 crores. During the period, the company successfully integrated five acquisitions, including distribution businesses in Daman & Diu and Dadra Nagar Haveli, alongside 156 MW of wind power plants and 125 MW of solar power plants. Additionally, the company invested INR 2,938 crore in capital expenditure.
Torrent Power reports significant growth for FY2022-23
Torrent Power’s reported a 61% increase in revenue for Q4 FY 2022-23 (Image Credit: SOLARbytes).
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