Torrent Power Ltd has recently announced the establishment of four new step-down subsidiaries through its wholly owned subsidiary, Torrent Green Energy Private Limited. These new entities, named Torrent Urja 41, 44, 45, and 47 Private Limited, are aimed at expanding Torrent Power's presence in the renewable energy sector, with a specific focus on hydrogen and its derivatives. The subsidiaries will be involved in various activities related to renewable energy, including hydrogen production, storage, and trading, along with power generation and distribution from renewable sources. Torrent Power, known as an integrated power utility of the Torrent Group, is a significant player in the country's power sector, spanning the entire power value chain - from generation to transmission and distribution. The company's market capitalization on the Bombay Stock Exchange (BSE) has increased to Rs 74,741 crore, with its shares experiencing a 19.20% increase in one year despite a 22.13% decline in the last six months. This strategic move showcases Torrent Power's commitment to sustainability and innovation in the power sector, positioning itself for growth and leadership in the evolving energy landscape.