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Torrent Power SEC Limited
     Current Year Highlights

 

The financial year (FY) 2003-04 has recorded an annual growth of 4.67% in revenues. This was inspite of the 50-day strike in the textile industry during the first quarter of the FY.

The other key operational highlights for FY 2003-04 include:

 
The peak drawal in a day was a record 9.33 MUs.

The Receiving Capacity was reinforced with an addition of 120 MVA, and a commensurate increase in Distribution Capacity by 118 MVA.

The peak system demand in the license area grew from 475 MVA to 496 MVA and the Company’s customer base expanded from 4.21 lac to 4.57 lac customers.

The Company’s efforts in reducing the “No Power” complaints and power restoration time continued to yield dividend with a further 5% reduction in FY 2003-04.

The Company registered a decline in Transmission and Distribution (T&D) losses at 12.98% compared to 14.23 % in FY 2002-03.

The Company commissioned its 10th Receiving Station ‘F2’ at Singanpore - Tunki area within budgeted costs and time frame.

Equity Shares of the Company were listed on National Stock Exchange (NSE) and trading commenced from 25th August 2003.

The Company has signed a long term Power Purchase Agreement with Torrent Power Generation Limited, a Special Purpose Vehicle promoted by your Company along with The Ahmedabad Electricity Company Limited and Torrent Private Limited for setting up 1000 - 1147.5 MW gas based Combined Cycle Power Project to purchase 50% of its capacity and energy generated therefrom on a dedicated basis.


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Shut down announcements for maintenance at Torrent Power more...
 
   
   
 
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