Hydrogen Economy: Torrent Power Establishes a Completely Owned Daughter Company
Torrent Power Launches Subsidiary to Drive Hydrogen Economy
Torrent Power, a leading private sector integrated power utility in India, has taken a significant step towards a cleaner and greener future by incorporating a new wholly owned subsidiary named Torrent Urja 38 (TU38). The new subsidiary, which received its certificate of incorporation on 3rd April 2025, is set to revolutionise the energy sector by focusing on the hydrogen economy.
TU38's primary objective is to promote the production of green, blue, and turquoise hydrogen using renewable energy sources and other innovative approaches. This integrated approach aims to reduce dependence on fossil fuels, improve renewable energy uptake, and contribute to clean energy supply through hydrogen technologies.
The hydrogen economy is a strategic focus for TU38. The company plans to create an enabling environment for this economy through policy mechanisms and long-term vision development. It will conduct feasibility studies and explore hydrogen export potential, involving the private sector in hydrogen-related projects.
One of the key initiatives of TU38 is to convert Thar coal reserves into blue hydrogen production. It also intends to use renewable energy sources for green hydrogen and nuclear energy for turquoise hydrogen, utilising sea or brackish water resources. Additionally, TU38 will develop emissions reduction projects that can generate carbon credits for voluntary carbon markets.
In terms of its operations, TU38 will deal in all forms of non-conventional, renewable, green, and hydro power, along with other energy sources, including electrical power and energy in various aspects. It will also focus on the generation, transmission, distribution, purchase, procurement, sale, trading, import, export, and storage of power, hydrogen, and its derivatives such as ammonia, chemicals, compressed natural gas, and mineral substances.
As of now, the operations of TU38 are yet to commence. However, with a capital of Rs 5 lakh both in authorised and paid-up shares, the company is well-equipped to make a significant impact in the energy sector.
In the meantime, Torrent Power continues to thrive. The company's revenue from operations in Q3 FY25 was Rs 6,499.38 crore, growing by 2.09% year on year. Its consolidated net profit in Q3 FY25 increased by 32.19% to Rs 475.66 crore. Torrent Power remains committed to its core business of power generation, transmission, and distribution.
With the launch of TU38, Torrent Power is taking a bold step towards a sustainable future, demonstrating its commitment to clean energy and the hydrogen economy. As TU38 gears up for its operations, it is poised to make a significant contribution to India's renewable energy sector and the global hydrogen economy.
The hydrogen economy, with ammonia as one of its potential derivatives, is a primary focus for TU38, the new subsidiary of Torrent Power. In line with its mission, TU38 aims to contribute to the hydrogen economy through various projects, including the conversion of Thar coal reserves into blue hydrogen, the production of green hydrogen using renewable energy sources, and the exploration of hydrogen export potential. This ventures into the hydrogen economy will not only be financed by Torrent Power but also involve the private sector, marking a significant shift in the energy industry.
