Torrent Power has unveiled plans to invest nearly Rs 500 billion over the next three to four years in a significant expansion of its renewable energy (RE) portfolio and power infrastructure. The Ahmedabad-based power major is aiming to scale its renewable capacity to 10 GW by 2030, up from the current 1.75 GW in operation.

The proposed capex will be distributed across three segments: around Rs 200 billion will support renewable energy projects, Rs 140 billion will go towards pumped storage hydro projects totalling 3,000 MW capacity, and Rs 160 billion has been earmarked for transmission and distribution (T&D) network expansion, including privatisation-led opportunities.

For FY 2026 alone, Torrent has lined up approximately Rs 57 billion for renewable initiatives. Solar projects are expected to receive Rs 25 billion, wind Rs 45 billion, and hybrid projects – a key focus area – are estimated to draw Rs 130 billion during the broader investment period.

In the T&D space, Torrent plans to invest Rs 13 billion in transmission and Rs 20–25 billion in distribution upgrades and expansion in FY26.

The company has already commenced work on key renewable projects, with plans to commission nearly 900 MW of capacity in FY26, including 370 MW solar, 300 MW wind, and 250 MW hybrid power. With 3.1 GW of renewable projects under construction, Torrent’s total renewable portfolio now stands at nearly 4.9 GW (operational and pipeline).

Torrent continues to maintain a healthy financial structure, adhering to a 70:30 debt-to-equity ratio for new projects. Its recent Rs 35-billion Qualified Institutional Placement (QIP) has bolstered its capital base, with the net debt to EBITDA ratio at 1.41 as of March 2025—one of the lowest in the Indian power sector.

News source: MSN