THE MAN WITH A GREEN VISION
Business Today India|March 17, 2024
As the MD of Torrent Power, Jinal Mehta is overseeing a massive transition to green energy. His unwavering determination can make the company one to watch out for
Krishna Gopalan
THE MAN WITH A GREEN VISION

THE WINDS OF CHANGE are blowing all over Torrent Power, which is headquartered in Ahmedabad and is considered one of India's foremost power utility companies. Spearheading this transformation is 40-year-old Jinal Mehta, the company's soft-spoken Managing Director and the recipient of this year's BT-PWC India's Best CEOs award in the Energy category. And it would be a truism to say that within the rigorous landscape of the power industry, Torrent's ambitious vision mirrors Mehta's own unwavering determination to succeed.

"The foundation of our strategy is that we are one of the few integrated energy companies. We think a play across the value chain would help in meeting the needs of the energy transition," outlines Mehta. The eventual plan is clear to have clean energy round the clock.

Mehta envisions that it will lead, eventually, to a move to green hydrogen. "That's really where the future is." Mehta characterises the current phase at Torrent Power as Torrent Power 2.0, contrasting it with the earlier phase marked by the energy transition and gas-based projects. He emphasises, "The transition to renewables will drive the majority of our growth. This, coupled with distribution and B2C, is pivotal for creating future value." The company's financial performance reflects this optimism. Torrent's total income has grown at a CAGR of 24% over the past three years, with profit after tax (PAT) growing at 22%. As a result, its stock price has also surged, jumping by over 136% in the two years to February 21, outperforming the BSE Sensex, which rose 26%.

この記事は Business Today India の March 17, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Business Today India の March 17, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

BUSINESS TODAY INDIAのその他の記事すべて表示
The EV Craze
Business Today India

The EV Craze

The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly

time-read
5 分  |
November 10, 2024
The Storage Boom
Business Today India

The Storage Boom

Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?

time-read
8 分  |
November 10, 2024
India Beckons
Business Today India

India Beckons

Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before

time-read
4 分  |
November 10, 2024
The Pearls of The Sea
Business Today India

The Pearls of The Sea

Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it

time-read
4 分  |
November 10, 2024
66.Brand persona should define the core"
Business Today India

66.Brand persona should define the core"

I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.

time-read
1 min  |
November 10, 2024
Unwind in Style
Business Today India

Unwind in Style

Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury

time-read
3 分  |
November 10, 2024
A Lifelong Affair with Inspiration
Business Today India

A Lifelong Affair with Inspiration

In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art

time-read
3 分  |
November 10, 2024
Make it Bubbly
Business Today India

Make it Bubbly

Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles

time-read
4 分  |
November 10, 2024
Palatial Splendour
Business Today India

Palatial Splendour

Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers

time-read
7 分  |
November 10, 2024
Of Beaches and Cream
Business Today India

Of Beaches and Cream

GianChand Single Malt Whisky

time-read
1 min  |
November 10, 2024