An Industrial Report on

Torrent Power Ltd.

Submitted by

Name: Vaidehi Naik

Class: SY-B

Roll no: 194

Batch: 2020-23

Submitted to: Faculty of Business Administration

GLS University

1
 ACKNOWLEDGEMENT

Report aware about how various activities related to marketing, financing and human
resources are carried out. It has widened our vision and opened newer avenues. Behind every
success there are many efforts, but efforts are fruitful due to hands making the passage smoother. I
express my deep sense of gratitude for the hands people extended to me during my work. I would
like to thank my Guide Prof. Vrinda Dave who has provided us the necessary knowledge and
guidance for enabling our project work successfully at regular intervals. I would like to thank our
director Dr. Shefali Dani for giving me the opportunity of making this project.

TABLE OF CONTENTS

2
Industry Profile
I. COMPANY PROFILE
Introduction…………………………………………………………………………………..5
Addresses……………………………………………………………………………………..5
History………………………………………………………………………………………..7
Mission/Vision………………………………………………………………………………..8
Awards and Achievements……………………………………………………………………8

II. PRODUCTION MANAGEMENT

Introduction…………………………………………………………………………………...9
Generation of electricity……………………………………………………………………....9
Transmission of electricity…………………………………………………………………...13
Distribution of electricity…………………………………………………………………….14
Cables………………………………………………………………………………………...16
Plant layout…………………………………………………………………………………...17
Waste Management…………………………………………………………………………...17

III. MARKETING MANAGEMENT

Introduction…………………………………………………………………………………...19
Product Strategy………………………………………………………………………………19
Pricing Strategy……………………………………………………………………………….19

3
 Distribution and Place Strategy…………………………………………………………….....20
Advertising and promotion Strategy…………………………………………………………..20
Process Strategy…………………………………………………………………………….....20
People Strategy………………………………………………………………………………..20
Physical Evidence Strategy…………………………………………………………………...20
Competition…………………………………………………………………………………...21

IV. HUMAN RESOURCE MANAGEMENT

Introduction…………………………………………………………………………………...22
Number of employees………………………………………………………………………...22
Remuneration policy……………………………………………………………………….....22
Health and safety……………………………………………………………………………...23
HR practices…………………………………………………………………………………..23
Rewards and Recognition…………………………………………………………………….24
Training and Development…………………………………………………………………...24
Leadership Development……………………………………………………………………..24

V. FINANCIAL MANAGEMENT
Introduction…………………………………………………………………………………..25
Objectives of Financial Management…………………………………………………….…..25
Statement of Cash flows……………………………………………………………………...25
Financial analysis of the company…………………………………………………………....26
SWOT Analysis of Company………………………………………………………………...27
Strengths in SWOT Analysis…………………………………………………………………27
Weakness in SWOT Analysis………………………………………………………………...27
Opportunities in SWOT Analysis…………………………………………………………….27
Threat in SWOT Analysis…………………………………………………………………….28

VI. CORPORATE SOCIAL RESPONSIBILITY……………………………………………29

VII. FUTURE PLANS OF THE COMPANY……………………………………………...333

VIII. CONCLUSION……………………………………………………………………….333

IX. BIBLIOGRAPHY……………………………………………………………………...3434

4
I.COMPANY PROFILE

5
● INTRODUCTION-

Torrent Power is one of the leading brands in the Indian power sector,
promoted by Rs.21000 crore. It is an integrated power utility and is one of the largest
private sector players in India having interests in power generation, transmission,
distribution and manufacturing and supply of power cables. Torrent ranks amongst
the best run power utilities in the country with highly efficient generation assets. It
has a portfolio of coal based, gas based and renewable power plants with an
aggregate generation capacity of 3879 MW. The gas based plants of the Company
possess greater environmental value with state of the art technology and in-built
efficiency enhancing design features.The company distributes power to over 3.65
million customers annually in its distribution areas of Ahmedabad, Gandhinagar,
Surat, Dahej SEZ and Dholera SIR in Gujarat; Bhiwandi, Shil, Mumbra and Kalwa
areas of Mumbai Metropolitan Region in Maharashtra; and Agra in Uttar
Pradesh.Annually Torrent Power distributes over 10 billion units of power in cities of
Ahmedabad, Gandhinagar and Surat. It has a base of over 1.9 million customers in
these cities.The Company offers highly personalized and innovative customer
services that incorporate various convenience features.Torrent Power operates 249
km and 105 km 400kV double circuit transmission lines implemented by it for
evacuating power generated at SUGEN (the 1147.5 MW gas based power plant near
Surat in South Gujarat) and DGEN (the 1200 MW combined cycle gas based Power
Plant at Dahej SEZ) plant to various off-take centres. The cables unit of the company
manufactures Power & Control Cables and is one of the market leaders in HT Power
Cable segment with a manufacturing capability of up to 132 kV XLPE Cables.

● ADDRESSES-

Registered Address
Samanvay,
600, Tapovan,
Ambavadi,
Ahmedabad-380015
Gujarat

Generation:
1. AMGEN
Power Station,
Sabarmati,
Ahmedabad-380005
Gujarat

6
 2. SUGEN, UNOSUGEN and GENSU
Off National Highway No. 48,
Kamrej,
Surat-394155
Gujarat
3. DGEN
Plot No. Z-9,
Dahej SEZ,
Vagra,
Bharuch-392130
Gujarat

Distribution:
1. AHMEDABAD
Sola Road,
Naranpura,
Ahmedabad - 380 013
Gujarat
2.SURAT
Torrent House,
Station Road,

7
 Surat-395003
Gujarat
3.BHIWANDI
Old Agra Road,
Anjur Phata,
Bhiwandi-421302
Maharashtra
4.AGRA
6, Raghunath Nagar,
Suresh Plaza Market,
Opp. Sanjay Place,
M. G. Road,
Agra-282002
Uttar Pradesh.

Cables:
NADIAD
Yogi Nagar,
Mission Road,
Nadiad-387002
Gujarat

8
● HISTORY-

➢April 29 2004- Incorporated as a private limited company with the name Torrent Power Trading Pvt
Ltd.
➢ January 25 2006-the name of the company was changed to Torrent Power Private Ltd.
➢ February 8 2006- the company was converted into a public limited company and the name was
changed to Torrent Power Ltd.
➢ July 28 2006- the company divested their stake partially in AEC Cements & Constructions Ltd a
non-material and non-listed subsidiary and hence AEC Cements & Constructions Ltd ceased to be
a subsidiary company.
➢ October 19 2006-Torrent Power Grid Ltd (erstwhile Torrent Power Transmission Pvt Ltd) a joint
venture company with Power Grid Corporation of India Ltd became a subsidiary of the company.
➢ December 20 2006- the company signed a distribution franchise agreement with Maharashtra
State Electricity Distribution Company Ltd for the Bhiwandi circle in Maharashtra for a period of
ten years.
➢ January 26 2007-the company commenced the Distribution Franchise for Bhiwandi circle of
Maharashtra State Electricity Distribution Company Ltd catering to 1.4 lakh customers with an
unrestricted demand of about 700 MW.
➢ May 2007-the company signed a memorandum of understanding (MoU) with Gujarat Power
Corporation for setting up over 1000-MW coal based power project at Pipavav Amreli Dist in
Gujarat
➢ September 25 2007-the company formed a subsidiary company namely Torrent Pipavav
Generation Ltd for the development of a coal-based thermal project.
➢ September 2008- the company formed Torrent Power Bhiwandi Ltd (formerly known as Torrent
Power Distribution Services Ltd) as a subsidiary company for providing infrastructural and
manpower support for Bhiwandi operations of the company.

9
 ➢ October 2008- the company entered into a Power Purchase Agreement with Gujarat Paguthan
Energy Corporation Pvt Ltd for supply of 49.6 MW wind power.
➢ During 2009-10-the company signed the shareholders' agreement with Gujarat Power Corporation
Ltd for implementation of the 1000+ MW Coal-Based Power Project at Pipavav Dist. Amreli
Gujarat.
➢ April 1 2010-the Company commenced distribution franchisee operations at Agra
➢ During 2010-11-the 382.5 MW UNOSUGEN brown field expansion to the SUGEN Power Plant
received Mega Power Project Status from the Ministry of Power, environmental clearance from
MoEF and connectivity approval from Central Transmission Utility.
➢ March 22 2012- Torrent Power successfully commissioned its first 49.6 MW Wind Power Plant at
Lalpur District Jamnagar Gujarat.
➢ During 2013-14- DGEN (the 1200 MW combined cycle gas based Power Plant at Dahej SEZ) and
UNOSUGEN (the brown field expansion to SUGEN Power Plant) were successfully registered
with the United Nations Framework Convention on Climate Change under the Clean
Development Mechanism.
➢ October 1 2015-Torrent Energy Limited and Torrent Cables Limited amalgamated with Torrent
Power Limited
➢ During 2015-16- Torrent Power inked an agreement for regasification and storage capacity with
Petronet LNG Limited up to 1 MMTPA for 20 years starting from April 2017.
➢ February 14 2018-Torrent Power Limited entered into a contract with Siemens Gamesa
Renewable Power Private Limited for setting up of wind power projects upto the aggregate
capacity of 120 MW.
➢ September 26 2018- the company participated in the competitive bidding process (by way of E-
reverse auction process) conducted by Solar Energy Corporation of India Ltd. (SECI) and
emerged as one of the winning bidders for the capacity of 115 MW project.

● MISSION STATEMENT-
“These strong pillars, the Core Values, which Torrent believes in and constantly strives to build,
are: Integrity, Passion for Excellence, Participative Decision Making, Concern for Society &
Environment, Fairness with Care and Transparency.”

● VISION STATEMENT-

“Thoughts and actions entail doing the right thing at all times and in all circumstances; whether or
not anyone is watching. This requires inner courage and conviction, no matter what the
consequences are. It is honouring one's commitments and being accountable for one's actions,
end-to-end.”

● AWARDS AND ACHIEVEMENTS-

10
➢ Torrent Power Ltd. has Won the Ministry of Power (MoP) Gold Shield award for two years
for outstanding performance in power distribution.
➢ The company created history by entering into the country’s first distribution franchisee
agreement with MSEDCL.
➢ Torrent Power has got CRISIL AA/Stable credit rating.
➢ Consolidated Torrent Power AEC Ltd, Torrent Power SEC Ltd and Torrent Power
Generation Ltd under a single, unified brand.
➢ SUGEN has received the prestigious “SWORD OF HONOUR” by the British Safety
Council, U.K. in recognition of its exemplary performance in health and safety
management.
➢ The Company has received “Gujarat Ratna Award” for demonstrating excellence in the
power sector.
➢ DGEN Plant has received five star rating from British Safety Council on Five Star
Occupational Health and Safety System Audit
➢ DGEN has received certifications under ISO 9001:2008, ISO 14001:2004, BS OHSAS
18001:2007, ISO 50001:2011 and ISO 55001:2014.
➢ AMGEN has received certification under ISO 50001:2011 (Energy Management System)
➢ Torrent Power launched first-of-its-kind user-friendly Customer Self Service mobile
application “Torrent Power Connect” and web portal “connect.torrentpower.com”, offering
highly personalized and real time services in the Company’s License Areas of Ahmedabad,
Gandhinagar and Surat
➢ The Cables Unit received certification under ISO 14001: 2004 and BS OHSAS 18001:2007.

11
 II.PRODUCTION MANAGEMENT

● INTRODUCTION-

Production Management refers to the application of managerial principles to the

production function in a factory. In other words, production management involves the
application of planning, organizing, directing and controlling the production
process.Production Management deals with decision-making related to the production
process. So that the resulting goods and services are produced in accordance with the
quantitative specifications and demand schedule with minimum cost. It is a set of general
principles for production economies, facility design, job design, schedule design, quality
control, inventory control, work study and cost and budgetary control.With development
and expansion of production organizations in the shape of factories more complicated
problems like location and layout, inventory control, quality control, routing and scheduling
of the production process etc. came into existence,

● GENERATION OF ELECTRICITY-
➢ What is Electricity Generation?
Electricity generation is the process of generating electric power from sources of
primary energy. For utilities in the electric power industry, it is the stage prior to its
delivery (transmission, distribution, etc.) to end users or its storage.Electricity is not
freely available in nature, so it must be "produced" . Production is carried out in power
stations (also called "power plants"). Electricity is most often generated at a power plant
by electromechanical generators, primarily driven by heat engines fueled by combustion
or nuclear fission but also by other means such as the kinetic energy of flowing water
and wind. Other energy sources include solar photovoltaics and geothermal power.

➢ Electricity generation plants:

1) 1200 MW DGEN Mega Power Project

DGEN is located in one of the country's largest

industrial areas of Dahej, Gujarat. It is about 40 km from the
historical town of Bharuch, a key junction on the Western
Railway, and right next to NH-48 linking Mumbai,
Ahmedabad and Delhi. Between Bharuch and Dahej, three
under construction national transport links will cross i.e.
DMIC rail link, Bullet Train and Delhi-Mumbai Expressway. DGEN was commissioned in 2014.
The DGEN Mega Power Plant is registered under CDM with UNFCCC.The DGEN Mega Power
12
 Plant has a capacity of 1200 MW- 3 single shaft units of 400MW each. The technology that
DGEN Mega Major Plant has is a combined cycle Power Plant running with natural gas having a
single shaft configuration and Siemens F-class (4000F) Gas Turbines coupled with Siemens
Steam Turbine and Doosan HRSG. The natural gas is pipelined from nearby Petronet LNG’s
Dahej Terminal and connected with the Natural Gas trunk pipeline of GSPL. The power is taken
from the 400 KV Double circuit line to Navsari PGCIL Substation. Siemens is the turbine and
generator manufacturer of this plant. Units 1 and II use CCGT-1 SGT5-4000F as the turbine
model and CCGT-3 SGT5-4000F is the turbine model for unit 3. The generator used in this plant
is SGen5-2000H hydrogen-cooled generator. Low NOx Burner is the NOx control device used in
this plant. DGEN is certified with ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO
50001:2018, ISO 27001:2013, ISO 55001:2014 and 5S certification by the Union of Japanese
Scientist and Engineers (JUSE).

2) 1147.5 MW SUGEN Mega Power Project

SUGEN, just off NH-48, is about 26 km from the

city of Surat, Gujarat. Tapi, a major perennial river of
South Gujarat, passes near the plant. SUGEN was
commissioned in 2009. SUGEN Power plant is
registered under CDM with the UNFCCC. The
SUGEN power plant has a capacity of 1147.5 MW- 3
Single Shaft Units of 382.5 MW each. The technology
that SUGEN Mega Major Plant has is a combined cycle Power Plant running with natural gas
having a single shaft configuration and Siemens F-class (4000F) Gas Turbines coupled with
Siemens Steam Turbine and Doosan HRSG. The SUGEN power plant is connected to the Natural
Gas trunk pipeline of GSPL with access to all major sources of NG and RLNG. The power is
taken from the 400 KV Double Circuit Line to PGCIL's Pirana Substation in Ahmedabad, through
Torrent Power Grid Limited, which is a joint venture with PGCIL. It also has 3x220 KV
dedicated transmission lines in order to cater the power requirements of the Surat distribution
area. It also has 220 KV line to the Kim Substation of GETCO. The major part of power produced
is supplied under long-term PPA to Ahmedabad and Surat Discoms of TPL and the spare capacity
is sold as Merchant power based on demand. SUGEN is certified with ISO 9001:2015, ISO
14001:2015, ISO 45001:2018, ISO 50001:2018, ISO 27001:2013, ISO-55001:2014 and 5S
certification by Union of Japanese Scientist and Engineers (JUSE).

3) 382.5 MW UNOSUGEN gas based plant

UNOSUGEN is located next to SUGEN units,

near Surat in South Gujarat. UNOSUGEN was
commissioned in 2013. UNOSUGEN is registered
under CDM with the UNFCCC. The UNOSUGEN
gas-based plant has a capacity of 382.5 MW -1 Single
Shaft Unit. The technology that the UNOSUGEN gas

13
 based plant has is combined cycle Power Plant running with natural gas having a single shaft
configuration and Siemens F-class (4000F) Gas Turbines coupled with Siemens Steam Turbine
and Doosan HRSG. The UNOSUGEN plant is connected to the Natural Gas trunk pipeline of
GSPL with access to all major sources of NG and RLNG. The power is taken from the 400 KV
Double Circuit Line to PGCIL's Pirana Substation in Ahmedabad, through Torrent Power Grid
Limited, which is a joint venture with PGCIL. It also has 3x220 KV dedicated transmission lines
in order to cater the power requirements of the Surat distribution area. It also has 220 KV line to
the Kim Substation of GETCO. The major part of the power produced is supplied under long-
term PPA to Ahmedabad & Surat Discoms of TPL. The capacity that is left,which is spare
capacity, is sold to Merchant power on demand. UNOSUGEN is Certified with ISO 9001:2015,
ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, ISO 27001:2013, ISO-55001:2014, 5S
certification by Union of Japanese Scientist and Engineers (JUSE).

4) 362 MW Coal based AMGEN

The 362 MW AMGEN Power plant is one of the

oldest operating power stations in the country. The
AMGEN power plant is coal based plant located in
Sabarmati Thermal Power Station at Sabarmati,
Ahmedabad The first Power Plant at STPS became
operational in 1934 with 37.5 MW capacity having
configuration of 2x 3.75 MW and 4x7.5 MW. Since then the Station has passed through several
phases of capacity addition, up-gradation and modernization to cater to the growing power
requirements of the twin cities of Ahmedabad and Gandhinagar. All necessary supporting systems
and facilities in the Station have also been upgraded and strengthened from time to time to
comply with statutory requirements and also to meet the growing requirements of the plant.The
AMGEN power plant currently consists of D station – 120 MW, E station – 121 MW and F
station – 121 MW.AMGEN is one of the best power plants among its age group, fleet and
technology. AMGEN is also certified with ISO 9001:2008, ISO 50001: 2011, ISO 14001:2004
and BS OHSAS 18001:2007.

5) 786.5 MW Renewable plants

The 786.5 MW Renewable plant consists of two renewable plants: Wind - 648.5
MW and Solar - 138 MW.
➢ The Wind Renewable plants are:-

I) 49.6 MW Wind Power Plant

The 49.6 MW wind power plant was
commissioned in March, 2012. This wind power
plant is Spread across three talukas - Lalpur,
Jamjodhpur and Bhanvad at a distance of 40 km
from Jamnagar in the state of Gujarat.This plant is
14
 registered under CDM with UNFCCC. The technology this 49.6 MW wind power
plant has is 62 Nos. 800 kW gearless wind turbines with a synchronous generator.

II) 201.6 MW Wind Power Plant at Kutch

The 201.6 MW wind power plant was commissioned in March 2016. This wind
power plant is spread across three talukas – Abdasa, Lakhpat, Nakhatrana -- at a
distance of 45km from Bhuj in the state of Gujarat. This 201.6 MW Wind power
plant consists of 40 nos of S97_90HH 2100 kW and 56 nos of S97_120HH 2100 kW
Wind Turbines with Doubly Fed induction Generator.

III) 50.9 MW Wind Power Plant at Rajkot, Gujarat

The 50.9 MW wind power plant consists of one plant which has the capacity of
32.0 MW which was commissioned in January 2018 and the other plant which has
the capacity of 18.9 MW was commissioned in March 2019. This 50.9 MW wind
power plant is spread across three Talukas – Jasdan, Chotila and Vinchhiya.The site
is located at a distance of 71 Km from Rajkot in the state of Gujarat. The technology
consists of 40 Nos. 800 kW gearless wind turbines with synchronous generators and
9 Nos of S97_120 HH 2100 kW Wind Turbines with Doubly fed induction
generators.

IV) 50.4 MW Wind Power Plant at Bhavnagar, Gujarat

The 50.4 MW wind power plant was commissioned in March 2019. This plant is
spread across Mahuva taluka at a distance of 93 Km from Bhavnagar in the state of
Gujarat. The technology of the 50.4 MW wind power plant consists of 13 Nos
S97_120 HH 2100 kW Wind Turbines with a double fed induction generator.

V) 60 MW Wind Power Plant at Gudadanal, Karnataka

The 60 MW wind power plant was commissioned in March 2018. This plant is
spread across Lingasugur taluka in the state of Karnataka, at a distance of 93 Km
from Raichur. The technology of the 60 MW wind power plant consists of 30 Nos
G114-106 HH 2000 kW + Max Power Wind Turbines with a double fed induction
generator.

VI) 60 MW Wind Power Plant at Zalki, Karnataka

The 60 MW wind power plant at Zalki was commissioned in March 2018. This
plant is spread across Aland and Afzalpur taluka Karnataka, at a distance of 45 Km
from Kalaburagi. The technology of the 60 MW wind power plant consists of 30 Nos
G114-106 HH 2000 kW + Max Power Wind Turbines with a double fed induction
generator.
15
 VII) 126 MW Wind Power Plant at Lohara-Koral, Maharashtra
The 126 MW wind power plant was commissioned in December 2019. This plant
is spread across Lohara, Tuljapur and Osmanabad in the state of Maharashtra, at a
distance of 93 Km from Raichur. The technology of the 126 MW wind power plant
consists of 63 Nos G114-106 HH 2000 kW with Max Power Wind Turbines and a
double fed induction generator.

VIII) 50 MW Wind Power Plant at Kutch, Gujarat

The 50 MW wind power plant was commissioned in July 2019. This plant is
spread across the villages of Dayapar, Nani Virani, Ghadani & others in Kutch
district in the state of Gujarat. The technology of the 50 MW wind power plant
consists of 25 nos. of DF/2000/113 WTGs, having a rated capacity of 2000 kW.

➢ The Solar Renewable plants are:-

I. 51 MW Solar Power Plant

The 51 MW solar power plant was commissioned in March 2015. This plant is located at
Charanka Solar Park, Patan district in the state of Gujarat. The technology of this 51 MW
solar power plant is Polycrystalline technology with fixed tilt.
II. 87 MW GENSU Solar Power Plant
The 87 MW GENSU solar power plant was commissioned in March 2016. This
plant is adjacent to 1147.5 MW SUGEN Mega Power Plant, near Surat in South
Gujarat. The technology of this 87 MW solar power plant is Polycrystalline
technology with fixed tilt. The accolades of this power plant are that it has completed
the project in a short span of 17 weeks. This GENSU solar power plant has high
quality equipment with lesser auxiliary consumption and more redundancy. It has
unique landscaping and aesthetics. The GENSU solar power plant has specially abled
staff hired for some of the Q&M activities.

● TRANSMISSION OF ELECTRICITY-

➢ What is transmission of electricity?

16
 Electric power transmission is the bulk movement of electrical energy from a
generating site, such as a power plant, to an electrical substation. The interconnected
lines which facilitate this movement are known as a transmission network. This is
distinct from the local wiring between high-voltage substations and customers, which
is typically referred to as electric power distribution. The combined transmission and
distribution network is part of electricity delivery, known as
the electrical grid.

➢ Transmission System from Generation to Various Off

takers / Grid are:
1. SUGEN to Ahmedabad Distribution Area
From SUGEN power plant to the Ahmedabad
distribution area the electricity is transmitted through a 400
kV transmission system with a length of 249 km implemented through Torrent Power
Grid Limited,which is a Joint venture with PGCIL in which Torrent has 74% stake.

2. SUGEN to Surat Distribution Area and to GETCO

To transmit electricity Torrent Power Limited has laid- 3 x 220 KV dedicated
transmission lines to cater to power requirements of Surat distribution area and 220
KV line to the Kim substation of Gujarat Energy Transmission Corporation
Limited(GETCO).

3. DGEN to PGCIL’s Navsari sub-station

From DGEN power plant to Power Grid Corporation of India(PGCIL) Navsari
sub-station the electricity is transmitted through a 400 kV Double Circuit line which
is developed by Torrent Power Limited in lieu of Power Grid Corporation of
India( PGCIL)

4. Other Transmission Networks

The other transmission network is a 220/132 kV transmission system in the
Ahmedabad distribution area.

● DISTRIBUTION OF ELECTRICITY-

❖ What is Distribution of Electricity?

Electric power distribution is the final stage in the delivery of electric power;
it carries electricity from the transmission system to individual consumers.
Distribution substations connect to the transmission system and lower the
transmission voltage to medium voltage ranging between 2 kV and 35 kV with
the use of transformers. Primary distribution lines carry this medium voltage
17
 power to distribution transformers located near the customer's premises.
Distribution transformers again lower the voltage to the utilization voltage
used by lighting, industrial equipment and household appliances. Often several
customers are supplied from one transformer through secondary distribution
lines. Commercial and residential customers are connected to the secondary
distribution lines through service drops. Customers demanding a much larger
amount of power may be connected directly to the primary distribution level or
the sub transmission level.

❖ Distribution Licensee Ahmedabad-Dahej-

Gandhinagar- Surat

Torrent Power has a total distribution line length of

39,281 ckt. km and transformer capacity of 4,999 MVA
in Ahmedabad and Surat. The company owns 7,970
substations at the 33 kV and 11 kV level. It serves 1.94
million consumers in Ahmedabad and 0.61 million
consumers in Surat. Torrent Power is a distribution
licensee in the cities of Ahmedabad, Gandhinagar.The
company transmits & distributes around 6.9 billion units
of power to around 17.82 lac customers. The T&D loss
in these areas is amongst the lowest in the country. Through SCADA automation and
various technological interventions, the company has continuously invested in
reliability and power quality improvement schemes. There are multiple customer
centres located strategically around the city in order to most conveniently reach
customers.The main sources of power procurement for Torrent Power are its Amgen
and Sugen power plants. Other power procurement sources include bilateral contracts
and power exchanges.The total area covered between Ahmedabad-Dahej-
Gandhinagar-Surat is 425 sq.km. The Distribution Transformer Capacity in these
areas is 4165.77 (in MVA). During FY 18-19 the peak demand at Ahmedabad-
Gandhinagar was 1906 MW and at Surat it was 687 MW and at Dahej it was 66 MW.
The sale of units during FY18-19 was 11,537 MUs of power. The number of total
consumers as on 31st March 2019 was 25.52 lakhs. The distribution license validity
for Ahmedabad distribution area is till 2025 and for Surat distribution area is till
2028. The Company also has distribution operations in Dahej SEZ from 4th April,
2010 as a distribution licensee and has distributed 426 MUs during FY 2018-19.
Almost the entire distribution network is underground in Ahmedabad and Surat. The
company’s Focused attention is on safety, theft detection, vigilance inspections, slum
electrification, etc. Also, the company continuously upgrades its T&D System to
cater to the load growth in its license area.
18
 ❖ Distribution Franchise Agra-Bhiwandi

Torrent Power has a distribution franchise in

Agra-Bhiwandi. The total area covered between Agra
Bhiwandi is a total of 942 sq.km. The Bhiwandi
circle of MSEDCL commenced from 26th Jan, 2007
and Agra Circle of DVVNL commenced from 1st
Apr, 2010. Through SCADA automation and various
technological interventions, the company has
continuously invested in reliability and power quality
improvement schemes. During FY18-19 the peak demand at Bhiwandi was 555 MVA
and at Agra it was 458 MVA. The Distribution Transformer Capacity in these areas is
2019.14 (in MVA). The sale of units during FY18-19 was 4805 MUs of power. The
number of total consumers as on 31st March 2019 was 7.66 lakhs. The distribution
franchise validity for the Bhiwandi distribution area is till 2027 and for the Agra
distribution area is until 2030. Torrent Power Forayed into the Distribution Franchisee
business in 2006 by entering into the country's first distribution franchisee agreement
with MSEDCL for Bhiwandi Circle. A testimony of the Company’s operational
efficiency is Reduction in AT&C losses in Bhiwandi from 58% at the time of takeover to
14.90% in FY 2018-19 and reduction in AT&C losses in Agra from 58.77% at the time
of takeover to 16.11% in FY 2018-19.

● CABLES-

Torrent Cables Limited has become Torrent Power Limited with effect from 1st
October, 2015. The ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007
accredited Torrent Cables (Unit of Torrent Power Limited) are winning against all
odds. It was acquired from Mahindra Electricals Ltd in 1989. Torrent Cables has a
completely integrated manufacturing facility located at Nadiad about 40 kms from
Ahmedabad. Torrent Cables manufactures large varieties of cables upto 132kv, which
include XLPE insulated cables, Corrugated Cables; Elastomer insulated cables and
PVC insulated cables. Torrent Cables products meet Indian, British and other
International standards. They are regularly tested at reputed independent test
laboratories like Central Power Research Institute – Bangalore; National House –
Mumbai; Electrical Research Development Association – Baroda. Torrent Cables
also manufactures cables to suit a client’s specific needs. The Cables Unit
manufactures Power & Control Cables and is one of the market leaders in the HT
Power Cable segment with a manufacturing capability of up to 132 kV XLPE Cables.
Torrent Cables has been an established source of cables since 1989. Torrent cables is

19
 the first company in the cable industry to get ISO 9001 : 2000 certification. Torrent
has a track record of maintaining delivery commitments and offering quality
products. The company is among the top and one of the very few profitable power
cable companies in India today with a capability to manufacture EHV, HT-XLPE,
LT-XLPE/PVC Power Cables and Control Cables. They also have an in-house
facility to cater to all Routine, Type, Acceptance and Special Tests with a very well
equipped R&D centre, which has made it possible to develop new products, new
compounds, analyse material & products. Torrent is committed to maintaining high
quality standards; hence, all EHV and HT XLPE Cables (both single & multi-core) of
different types and sizes get regularly tested at CPRI and at ERDA laboratories. The
products of the company are BIS certified and generally comply with IEC standards.

● PLANT LAYOUT-
Plant layout is the overall arrangement of the production process, store-room, stock-room,
tool-room, material handling equipment, aisles, racks and substores, employee services and
all other accessories required for facilitation of the production in the factory.

It encompasses production and service facilities and provides for the most effective
utilization of the men, materials and machine‟ constituting the process. It is a master
blueprint for coordinating all operations performed inside the factory.

A good plant layout strives to attain the following objectives:

1) Minimization of material handling.
2) Elimination of bottlenecks through the balancing of plant capacities.
3) High material turnover through a shorter operating cycle.
4) Effective utilization of installed capacity so that the returns on the investments may
be maximized.
5) Effective utilization of cubic space in the factory area.
6) Effective utilization of manpower resources through the elimination of idle time.
7) Elimination, improvement or confinement of objectionable operations e.g.,
operations with bad odour, vibrating operations etc.
8) Elimination of physical efforts required by operative workers.
9) Avoidance of industrial accidents.
10) Better working conditions for the employees like lighting, ventilation, control of
noise and vibrations etc.
11) Decency and orderliness inside the plant area.
12) Better customer services through cheaper and better product supplies according to
the delivery promises.

● WASTE MANAGEMENT-

20
 Torrent Power enhances the circulation of the system based on the ‘Reduce,
Reuse, Recycle’ principle. They have established processes to treat the generated
waste and make every effort to minimise the quantity of waste sent to the landfill.
The company recycles 100% of the fly ash generated from the coal-based plant. The
distribution units undertake oil filtration of power and distribution transformers for
reutilisation of oil. Wet waste is composted and used as manure. More than 90% of
the PVC scrap is recycled and reused at the cable unit. Sludge recovered from raw
water is compacted through the Chamber Filter Press and is used for landfill.

Hazardous waste such as used oils, batteries, e-wastes, biomedical wastes, among
others are disposed of only through SPCB authorised Treatment, Storage and
Disposal Facilities (TSDF) and recyclers. Similarly, plastic and paper waste are
handed over to authorised recyclers. They have substituted materials to decrease the
amount and kind of waste generated. For example, use steel cable drums instead of
wooden ones.

21
 III.MARKETING MANAGEMENT

● INTRODUCTION-

Marketing management is a process of controlling the marketing aspects, setting

the goals of a company, organizing the plans step by step, taking decisions for the
firm, and executing them to get the maximum turn over by meeting the consumers'
demands.Marketing management is “planning, organising, controlling and
implementing of marketing programmes, policies, strategies and tactics designed to
create and satisfy the demand for the firms’ product offerings or services as a means
of generating an acceptable profit.”Marketing management is based on 4 P's that is
product, place, price, and promotion to attract consumers.While, if there is a service
marketing brand then there are 7 P’s- product,place, price, promotion, people, process
and physical evidence.
It deals with creating and regulating the demand and providing goods to customers
for which they are willing to pay a price worth their value.Marketing Management
performs all managerial functions in the field of marketing. Marketing Management
identifies market opportunities and comes out with appropriate strategies for
exploring those opportunities profitably. It has to implement a marketing programme
and evaluate continuously the effectiveness of marketing-mix. It has to remove the
deficiencies observed in the actual execution of marketing plans, policies, and
procedures. It looks after the marketing system of the enterprise.

● TORRENT POWER PRODUCT STRATEGY-

Torrent Power Ltd. deals in power generation, transmission, distribution and

cables. It has a capacity of 3334 megawatts. They boast of an exclusive mix of
conventional and non-conventional power sources like coal & gas based and
renewable sources based which has solar renewable plants and wind renewable plants
Torrent Power has a connection of 249 kms and 105 kms of 400kV double circuit
transmission which transmits electricity produced at SUGEN & DGEN factories to
all the off-take hubs. Other than generation, transmission and distribution of electrical
power it also deals in manufacturing of cables, infact Torrent Power is one of the
leaders in the high tension cable segment as it produces up to 132 kV XLPE cables.

● TORRENT POWER PRICING/PRICE STRATEGY-

22
 Price points of Torrent Power are high as it supplies to most industrial areas which
use electricity for commercial purposes.Commercials have to pay a higher price for
electricity as there are higher tax norms on it. Torrent Power Ltd. is one of the
licensed distributors under the UJALA scheme. The UJALA scheme entails
distribution and sale of LED bulbs at a discounted price. This affects the pricing of
these bulbs in terms of subsidy provided. They also offer an EMI scheme to make
payments for poor sections of the society. The tariffs in 2016-17 were the same with
a Prompt Payment Discount facility to customers. As Coal India Ltd. one of the
leading suppliers of coal, increased coal processing it is reflected in the increasing
prices of power provided by Torrent Power Ltd.

● TORRENT POWER DISTRIBUTION & PLACE STRATEGY-

Torrent Power has three million customers in cities like Ahmedabad, Surat, Dahej
SEZ, Gandhinagar all in Gujarat, Bhiwandi from Maharashtra and Agra in Uttar
Pradesh. All these cities are major industrial or commercial centres. Therefore, this
company is mostly functioning in Gujarat and Uttar Pradesh. The distribution
channels of Torrent Power are one of its weaknesses as unlike its competitors it does
not have a wide presence across all states in India and globally. The absence of
ownership of raw material sources also puts Torrent Power at the disadvantage.

● TORRENT POWER ADVERTISING & PROMOTION STRATEGY-

Torrent Power is a B2B company so its most promotional activity is targeted at its
customers and not at a mass level. Torrent Power has used information technology to
make websites very accessible and easy. Bill payment, energy calculator, tariff, new
connection, etc. They have made it very user-friendly for customers. In B2B the
transaction success is heavily dependent on relationship building and management.
Torrent Power Ltd. has garnered love and support in Gujarat due to its help in
rehabilitation post-earthquake in 2001, it has also provided electricity to slums,
invested in health and education as well. Torrent Power Ltd. funds the cardiology
wing of U.N. Mehta Hospital in Gujrat.

● TORRENT POWER PROCESS STRATEGY -

Torrent Power has a broad network of electricity distributing hubs across Gujarat.
In Uttar Pradesh, the agreement to distribute electricity in Agra and Kanpur was
cancelled as it was in direct competition with the state electricity department. Torrent
Power has also invested in unconventional forms of power like wind and solar power.

● TORRENT POWER PEOPLE STRATEGY-

23
 At Torrent Power, seven thousand two hundred employees are put through a
rigorous training module. They also have regular workshops to help the employees
stay adept to the changing skill requirements. To ensure employee engagement,
Torrent Powers also has annual celebrations. They also have recreation facilities. As
Torrent Powers is an energy producing company they have a systematic work culture.

● TORRENT POWER PHYSICAL EVIDENCE STRATEGY-

A user-friendly self-service platform was launched by Torrent Powers to create a
one stop solution for customers. It provides real time information and personalised
services. They have also received the “Gujarat Ratna Award”. It also deals in
production of solar power up to fifty-one megawatt solar PV at Charanka Solar Park
and wind power in Lalpur, Jamnagar, Gujarat.

● COMPETITORS OF TORRENT POWER LTD.-

The top 10 competitors in TPL's competitive set are Reliance Power, Adani Power,
NTPC, Tata Power, Greenko Group, LANCO Group, NLC, GMR Group, L&T,
Moser Baer Solar. Together they have raised over 12.3B between their estimated
415.1K employees. TPL has 7,874 employees and is ranked 7th among it's top 10
competitors.

24
 IV.HUMAN RESOURCE MANAGEMENT-

● INTRODUCTION.-

Human Resource Management (HRM) is an operation in companies designed to

maximize employee performance in order to meet the employer's strategic goals and
objectives. More precisely, HRM focuses on management of people within
companies, emphasizing on policies and systems. In short, HRM is the process of
recruiting, selecting employees, providing proper orientation and induction,
imparting proper training and developing skills.HRM also includes employee
assessment like performance appraisal, facilitating proper compensation and benefits,
encouragement, maintaining proper relations with labor and with trade unions, and
taking care of employee safety, welfare and health by complying with labor laws of
the state or country concerned.

● NUMBER OF EMPLOYEES.-
Number of Employees shows the total number of permanent full time and part
time employees working for a given company and processed through its payroll.
Number of employees at Torrent Power Ltd. are 7803.

● REMUNERATION POLICY.-
The Remuneration Policy of Torrent Power provides the framework and key
guiding principles to be followed in determination of remuneration of Directors and
other employees (including Key Managerial Personnel (KMP) and those in senior
management positions), but excluding certain categories of employees indicated
herein after. This Policy is applicable to all categories of employees except Staff
Cadre and employees governed by Employee Union Agreements. The key objectives
of this Policy are as under:
a) To ensure that employee remuneration is in alignment with business strategy &
objectives, organisation values and long-term interests of the organisation.
b) To ensure objectivity, fairness and transparency in determination of employee
remuneration.
c) To ensure that the level and composition of remuneration is reasonable and
sufficient to attract, retain and motivate a high performance workforce and is in
compliance with all applicable laws.
-Employee remuneration may have any one or more of the following elements.
a) Fixed Pay, which includes Basic Salary, House Rent Allowance, Car Allowance
or Conveyance Allowance, Special Allowances (for specific purposes), Company’s
Contribution to Provident Fund & Superannuation Fund and Gratuity.

25
 b) Variable Pay, which may be in form of Performance-based Pay (upto 20% of total
remuneration), Retention Pay (determined case-by-case basis), One-time Reward (in
addition to agreed remuneration) and Commission based on profits (for Directors on
the Board).
c) Other benefits, comprising Hospitalisation Insurance & Personal Accident
Insurance, both with defined benefits provided to all employees; annual leave and
accumulation / encashment thereof; provision of Company maintained Car; and
Directors & Officers Liability Insurance with defined benefits.

● HEALTH AND SAFETY-

Torrent Power ensures that the health of our employees is taken care of. To this
end, health check-ups are conducted for all the employees on a periodic basis,
followed by a doctor consultation and if needed, further assistance in specific cases.
They have a full-time doctor available at all generation facilities to take care of any
employee illness or unforeseen incidents. The employees and their families are
provided with medical insurance to meet any kind of hospitalisation expenses. They
also have extended mediclaim limits to cover parents/parents-in-law of employees on
a voluntary basis. Enhanced limit of insurance coverage is provided in case of critical
illness, on need basis.
Torrent power has also taken measures to make their workplaces safe for the
workforce. All employees and contractors undergo health and safety training on a
periodic basis. Precautions are taken to prevent accidents. In case of unfortunate
accidents, the Company substantially compensates the personnel or their families as
per the Conviction for Safety Policy (CSP) of the Company.

● HR PRACTICES-
HR practices that reinforce the Torrentian culture are:
1) COMMITMENT
-Low attrition
-Job satisfaction
-Job enrichment
2) COMPETENCE
-Adaptability
-Skill development
-Opportunity to shoulder higher responsibilities
-Confidence building
3) CONSISTENCY
-Consistent performance
26
 -Consistent practices

● REWARDS AND RECOGNITION-

The annual performance management system is a comprehensive mechanism to
review an employee’s performance for the year, provide feedback and offer them
performance-linked compensation rise.
Every year, Torrent Group celebrates its Founder’s Day, to pay respect to the
visionary Founder Chairman, Shri U N Mehta. During this event, they recognise and
honour two most eligible employees (one from Pharma and one from Power/Gas)
with ‘Torrentian of the Year’ award based on their contributions towards the
organisation. These are the individuals who have exhibited professional competence,
gone beyond the call of duty, are dependable and committed towards the
organisation.

● TRAINING AND DEVELOPMENT-

Torrent Power imparts training to their workforce to help them keep pace with the
ever-changing technological and other developments. The training programmes are
conducted by external experts or in-house teams after identification of knowledge
gaps among employees and programmes are designed to guide their learning curve.
Training helps to upskill the employees and identify their future leaders, with a
penchant for continuous learning and application. Additionally, organisational value
workshops are conducted to ensure cultural alignment of the new recruits. Towards
operational excellence, 5S and Kaizen practices have been implemented and are
celebrated at various units. Also, in FY 2020-21, 77% of employees underwent
training.

● LEADERSHIP DEVELOPMENT-
Training sessions are organised by the HR team, customised as per the needs of
the employees at the managerial positions. These sessions are based on a pragmatic
approach with high applicability in the employee's day-to-day work. The results of
these programmes are monitored. Selected employees are promoted to higher levels
and further given need-based training sessions to enhance their managerial and
administrative skills.
External training sessions are conducted for developing specific competencies.
Internal promotions, transfers and job rotation have also been an essential factor in
helping budding talents to become future leaders by experiencing different functions.

27
 V. FINANCIAL MANAGEMENT-

● INTRODUCTION.-

Finance may be defined as the art and science of managing money. • It includes
financial service and financial instruments. • Finance function is the procurement of
funds and their effective utilization in business concerns.Financial Management
means planning, organizing, directing and controlling the financial activities such as
procurement and utilization of funds of the enterprise. It means applying general
management principles to financial resources of the enterprise. Financial
management refers to the functions involved in the management of financial
resources. These functions are fund procurement, working capital management,
capital budgeting, and capital structure designing of an organization.Financial
management is that area of business management devoted to a judicious use of
capital and a careful selection of the source of capital in order to enable a spending
unit to move in the direction of reaching the goals. Financial Management is
concerned with investment decisions, dividend decisions and financing decisions.

● OBJECTIVES OF FINANCIAL MANAGEMENT-

Financial management is generally concerned with procurement, allocation and

control of financial resources of a concern. There can be several objectives of
financial management such as:
1) To ensure regular and adequate supply of funds.
2) To ensure safety on investments.
3) To ensure optimum utilisation of funds.
4) To plan a sound capital structure.
5) To ensure adequate returns.

● STATEMENT OF CASH FLOWS-

Rs (in Crores)
Particulars Mar'21 Mar'20 Mar'19 Mar'18 Mar'17

Profit Before Tax 1583.24 545.90 1248.36 1375.53 583.94

Net Cash Flow from Operating Activity 2670.42 3469.08 2333.81 2802.89 2311.52

Net Cash Used in Investing Activity -595.09 -1096.08 -1230.67 -2492.69 -2111.09

Net Cash Used in Financing Activity -2058.86 -2407.91 -1123.04 -278.38 -639.50

28
 Net Inc/Dec In Cash and Cash Equivalent 16.47 -34.91 -19.90 31.82 -439.07

Cash and Cash Equivalent - Beginning of the

79.08 114.33 134.23 102.41 541.48
Year

Cash and Cash Equivalent - End of the Year 95.55 79.42 114.33 134.23 102.41

➢ Torrent power’s cash flow from Operating activities in FY20 was 3469.08 crore,
while it stood at 2670.42 crore in FY 21
➢ Torrent power’s cash used in Investing activities stood at Rs 1096.08 crore in FY20,
while it reduced to Rs 595. 09 crore in FY21
➢ The company’s net cash used in Financing activities was Rs 2407.91 crore in FY20,
while in FY21 it stood at Rs 2058.86 crore
➢ In FY20, there was a decrease in Cash and Cash Equivalent of Rs 34.91 crore, while
in FY21 there was an increase in cash and cash equivalent of 16.47 crore

● FINANCIAL ANALYSIS OF THE COMPANY-

No. of months year ending March 20 (in crores) March 21(in crores) % change
Current liabilities 4,581.50 4,623.05 0.91
Long term borrowings 7,296.28 6,071.12 -17
Total liabilities 22,879.63 22,778.01 -0.44

Current Assets 4,533.62 4,333.52 -4.41

Fixed assets 16358.44 16419.62 0.37

Total assets 22,879.63 22,778.01 -0.44

➢ The company’s current liabilities during FY21 stood at Rs 4,623.05 crore as compared
to Rs 4581.50 crore in FY20, thereby witnessing an increase of 0.91%.
➢ Long term borrowings stood at Rs 6071.12 crore as compared to Rs 7296.28 crore, a
decline of 17%.
➢ Current assets decreased to -4.41% and stood at Rs 4333.52 crore, while fixed assets
rose 0.37% and stood at Rs 16419.62 crore in FY21.
➢ Overall, the total assets and liabilities for FY21 stood at 22778.01 crore as against
22879.63 crore during FY20, thereby witnessing a decline of -0.44%.
29
● SWOT ANALYSIS OF THE COMPANY-

SWOT (strengths, weaknesses, opportunities, and threats) analysis is a framework

used to evaluate a company's competitive position and to develop strategic planning.
SWOT analysis assesses internal and external factors, as well as current and future
potential. SWOT analysis is designed to facilitate a realistic, fact-based, data-driven
look at the strengths and weaknesses of an organization, initiatives, or within its
industry. The organization needs to keep the analysis accurate by avoiding
preconceived beliefs or gray areas and instead focusing on real-life contexts.
Companies should use it as a guide and not necessarily as a prescription.

● STRENGTH IN SWOT ANALYSIS-

1.Torrent power is very successful in Private distribution franchisee business

2.Torrent power has very low debt to equity ratio thus it minimizes exposure to risk
3.Torrent power has high efficiency of generation and also of transmission and
distribution(T&D)
4. Integrated across the value chain – Generation, Transmission and Distribution
5. Torrent power has good presence in Maharashtra, Gujarat and UP
6.Torrent power has been efficient in managing assets to generate Profits .
7.Torrent power’s Return On Assets is improving since last 2 year
8.Torrent power is a company with Zero Promoter Pledge

● WEAKNESS IN SWOT ANALYSIS-

1.Torrent power’s presence is restricted to a few states only.

2.Unlike major players, Torrent Power does not possess sources of coal or oil and
hence is incapable of doing Backward Integration.
3.There has been a degrowth in Revenue and Profit of Torrent power.
4.Torrent power’s net profit has declined with falling Profit Margin (QoQ)
5.there has been a decline in Quarterly Net Profit with falling Profit Margin (YoY)

● OPPORTUNITIES IN SWOT ANALYSIS-

1.Torrent power has huge scope in the private power sector and scope to enter new
markets in India
2.There is scope for Torrent power to expand its franchisee business
3.Also, there is scope to enter the T&D business in other states.

● THREAT IN SWOT ANALYSIS-

30
1.Torrent power cannot compete with bigger players due to the absence of economies
of scale.
2.Torrent power may face opposition from local State Electric Boards
3.Delays in transportation of imported gas and also delay in the KG-D6 basin gas
project may have a negative impact – which may also create shortages

31
 VI. CORPORATE SOCIAL RESPONSIBILITY-

Torrent power is committed to create long-term social and economic value. Torrent
power’s commitment is aligned with their strategy to drive sustainable growth for all
of their stakeholders. Torrent Power's thrust areas for carrying out CSR initiatives are
Community Healthcare, Sanitation & Hygiene, Education & Knowledge
Enhancement and Social Care & Concern.

During the year, the Company incurred CSR expenditure of `33.74 Crore, which is
2.50% of the average net profit of the past three financial years as against statutory
requirement of 2%. Additionally, `1.69 Crore was utilised by the CSR implementing
agency out of the surplus arising from funds invested temporarily pending the
expenditure. This has resulted in total CSR expenditure of `35.43 Crore for the year.

CSR Activities are implemented directly by the Company or indirectly by

Implementing Agencies, which include section 8 company / registered public trust /
registered society established by the Company / an external entity engaged in CSR
Activities etc.

The Board in its meeting held on May 20, 2021 revised the existing CSR Policy of
the Company to harmonize with the amendments carried out by the Ministry of
Corporate Affairs in Section 135 of the Act read with the Companies (Corporate
Social Responsibility Policy) Rules, 2014.

The major CSR activities of Torrent power are:

1) “REACH”- REACH EACH CHILD-

“REACH” – Reach EAch CHild was initiated in the year 2016 under the
aegis of Tornascent Care Institute, a section 8 company. This program is
driven by the belief of Chairman Emeritus, Sudhir Mehta that ‘Children are the
future of our nation and this future must be well preserved’. REACH has three
major pillars: (a) SHAISHAV (b) JATAN and (c) MUSKAN.

(a)SHAISHAV- is the first pillar of the programme which targets to

establish baseline health status of children in the age group of 6 months to 6
years, through medical camps in 351 villages surrounding the industrial
establishments of the Group. Till date 71,387 children have been screened, and
by providing appropriate treatment more than 74% malnourished children,
more than 90% Anaemic children and 73% children having chronic illnesses
were provided appropriate treatment. Also, in these pandemic times the
company adopted the ‘Minimum Human Intervention Model’, in which weight
32
 assessment of 5,307 Malnourished children was carried out, Mauji Biscuits
were provided to beneficiaries. Similarly, on the Anaemic front, Iron
supplements were provided to 6,765 children without reassessment.
(b)JATAN- is the second pillar of the programme which encompasses
provision of healthcare services to children upto 18 years. There are three
primary paediatric health centers (“PPHCs'') with basic laboratory and day care
facility at Dahej, Balasinor and Indrad, and in FY 2019-20, the fourth centre
near SUGEN power plant was converted into 150 bed paediatric hospital
‘Balasangam’. Also, in the pandemic time telephonic conversations with
46,000 parents of the beneficiaries across all four PPHCs were arranged for
spreading awareness of consumption of healthy diet to boost immune system
and maintain proper hygiene to reduce risk of COVID-19. PPHC facilities at
Balasinor and Indrad were started from September, 2020 and 7,225
beneficiaries were served.
(c)MUSKAN- is the third pillar of the programme which provides
counselling and support to rural adolescent girls around SUGEN power plant,
Dahej and Indrad centers covering menstrual hygiene and sanitation, by
providing free health and hygiene kits. But due to this pandemic, these
activities were not carried out till August 2020, and with appropriate safety
measures and precautions health and hygiene kits were provided to around
5,000 beneficiaries in 125 villages.

2) SHIKSHA SETU-
In 2011, Shiksha setu was initiated with an aim to provide quality learning
to students and improve age appropriate skills at the level of primary
education. This is a unique initiative to enhance quality education among
underprivileged children at 21 government and trust-sponsored schools by
bridging the gaps between teaching and learning processes at schools using
modern technological methods. This initiative was implemented across schools
in Banaskantha, Mehsana, Surat districts and urban slums in Ahmedabad. As a
part of this initiative, the government teachers were trained to teach using
innovative and interactive pedagogies so that students gain better clarity while
learning. In Phase1, total of 15 computer labs were established and more than
230 teachers and 6,500 students were reached through MindSpark, an e-
learning programme and teacher training programme and in Phase2, additional
facilities, such as smart digital classrooms, skill based adaptive self learning
for five subjects through tablets, enhancing effective teaching & learning
methodologies and soft skills of teachers and sensitisation of parents towards
education were implemented. . During FY 2020-21, practice assignments were
prepared for students containing questions and activities based on skills of
33
 previous standards and current curriculum. Also, various virtual workshops on
important concepts of Maths, Science and Computer as per revised curriculum
were organised for teachers of 6th to 8th standard, in which 78+ teachers from
36 schools of Shiksha Setu / Chappi / Memadpur / other schools (around
Project schools) participated and benefitted.

3) “PRATITI”- DEVELOPMENT AND MAINTENANCE OF PUBLIC PARKS-

The Company developed an approach for the development of urban public
parks. Six small sized parks measuring approx. 33,000 sq. mt. have been fully
developed and are opened for public use since FY 2018-19 and one small sized
park was fully developed and opened for public use in FY 2020-21. Another
two large parks measuring approx. 66,975 sq. mt. are still under development.
The maintenance of the public parks is also funded from CSR funds of the
Company.

4) SHARDASHISH SCHOOL AT AMGEN POWER PLANT-

The school is situated in the premises of Amgen power plant’s housing
colony at Sabarmati in Ahmedabad. In this school majority of the students
come from economically disadvantaged backgrounds from nearby slum areas.
The school receives grants-in-aid from the government authorities to meet its
expenses. The Company has earmarked a donation of 3 Crore for construction
of a new school building and related infrastructure at Shardashish School. The
new school building will have facilities like a Computer room, Smart room
with Projector, Laboratory, Library, Assembly Hall, additional new classes etc.

5) SUPPLYING LIFE SAVING OXYGEN DURING THE PANDEMIC-

Overall, Torrent Group distributed 200 oxygen concentrators and installed
an oxygen generation plant with a bottling facility in Ahmedabad to supply
oxygen free of cost to surrounding areas.

6) DONATIONS-
During the pandemic, the company donated a total of Rs. 26.55 crore
towards various social causes which are:
➔ 10.05 Crore to various organisations engaged in activities related to healthcare,
education, arts & culture, science, relief to disaster victims; socioeconomic
development including de-addiction, skill development, self-help groups,
upliftment of women, integrated development of tribes, protection of consumer
rights, building of toilets etc.

34
➔ 11.5 Crore to various charitable organisations and the Chief Minister’s Relief
Fund to fight the effects of COVID -19 pandemic and its fallout on poorer
sections of the society.
➔ 5 Crore to the Prime Minister’s Citizen Assistance and Relief in Emergency
Situations Fund (PM CARES Fund).

35
 VII. FUTURE PLANS OF THE COMPANY-

Torrent Power has recorded a significant capex of about Rs 1.9 billion for the
Ahmedabad and Surat distribution areas for 2019-20 and 2020-21. The key focus areas
include IT implementation, meter management, advanced metering infrastructure and extra
high voltage network automation. The company has also planned a capex of Rs 5 billion over
a period of five years for developing the distribution network in the Dholera SIR. Further, it
has planned a capital expenditure of Rs 3 billion for SMK, of which Rs 1.5 billion is
expected to be invested in the first five years. On the generation front, wind power projects
aggregating over 840 MW are under development in Gujarat and Maharashtra. These
projects were secured in various national and state auctions conducted by Solar Energy
Corporation of India and Maharashtra State Electricity Distribution Company Limited. Also,
the company is going to set up 300 MW solar plant generation in Gujarat.

VIII. CONCLUSION-

✔ Torrent power has a strong presence in Maharashtra, Gujarat and Uttar Pradesh.

✔ The opportunities are ample in the market to grow despite several threats.

✔ The company is trying to give maximum satisfaction to its consumers with its new
innovation and also by setting up more and more power plants.

✔ Despite so many regional as well as competitors in the market, the position of Torrent
Power is not going to be affected that much. But in some cases the more competitive
environments provide a better opportunity to grow.

✔ Also, the company invests a lot in the corporate social responsibility projects.

✔ The generation capacity of all the power plants is very good and the company is
growing every year.

IX. BIBLIOGRAPHY-
36
https://www.mbaskool.com/brandguide/energy/4205-torrent-power.html
https://trendlyne.com/equity/swot-buy-or-sell/1410/TORNTPOWER/torrent-power-
ltd/strengths/
https://www.moneycontrol.com/financials/torrentpower/balance-sheetVI/TP14
https://www.torrentpower.com/pdf/download/annual_report13072021.pdf
https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/
torrentpower/TP14
https://en.wikipedia.org/wiki/Torrent_Power
https://www.torrentpower.com/index.php/site/info/sugen
https://www.torrentpower.com/index.php/site/info/renewableplant
https://swapdial.com/public/knowledge-contents/industrial-data/dgen-mega-power-
project-dahej-gujarat/
https://www.torrentpower.com/index.php/site/info/bhiwandi
https://www.torrentpower.com/index.php/site/info/contactus_dist
https://powerline.net.in/2019/10/06/torrent-power/

37