HDFC Securities Pick of the Week 13 Sep'26: Torrent Power Ltd

Torrent Power is one of India’s largest integrated private utilities, with 5.1 GWp of diversified generation and a strong, urban‑centric distribution footprint serving 4.2 mn consumers with near‑100% collection efficiency.

A balanced, largely contracted portfolio and a fast‑scaling renewable + pumped‑storage pipeline strengthen earnings visibility. Robust cash flows and regulated returns should support the ~₹80,000‑cr five‑year capex plan without materially straining leverage.