+
Torrent Power to Invest Rs 500 Bn in Green Energy Push
POWER & RENEWABLE ENERGY

Torrent Power to Invest Rs 500 Bn in Green Energy Push

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

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

Next Story
Infrastructure Urban

ITCONS Gains on New Rs 3.5 Million Defence Contract

ITCONS E-Solutions is trading at Rs 549.00, up by Rs 12.10 or 2.25 per cent from its previous close of Rs 536.90 on the BSE. The scrip opened at Rs 549.00 and has touched an intraday high and low of Rs 549.00, with 200 shares traded so far.A BSE ‘MT’ group stock with a face value of Rs 10, ITCONS touched its 52-week high of Rs 767.00 on 25 September 2024 and a 52-week low of Rs 166.70 on 5 August 2024. Over the past week, the stock has fluctuated between Rs 560.00 and Rs 510.60. The company's current market capitalisation stands at Rs 3.3 billion.Promoters hold 58.22 per cent of the compan..

Next Story
Infrastructure Urban

Delhi Extends EV Policy Till March 2026

The Delhi government has extended its existing Electric Vehicle (EV) Policy until 31 March 2026, or until a revised version is approved. The decision was made during a Cabinet meeting chaired by Chief Minister Rekha Gupta on Tuesday.According to Transport Minister Pankaj Kumar Singh, the draft of the new policy will undergo broader public consultation before being finalised, prompting the extension to allow time for thorough stakeholder engagement.The consultation process will include inputs from citizens, environmental groups, academic institutions, industry experts, and private firms. Key fo..

Next Story
Infrastructure Urban

Ather Crosses 400 Fast Chargers in Maharashtra

Electric two-wheeler manufacturer Ather Energy announced on Thursday that it has surpassed 400 fast charging points under its Ather Grid network across Maharashtra.The company's fast charging infrastructure now spans 35 cities in the state, including key urban centres such as Mumbai, Nashik, Pune, and Nagpur."Crossing 400 fast chargers in the state is about giving riders the assurance that they'll always find a charger when they need one. As we expand our retail presence, the charging network will continue to grow in tandem to make EV ownership truly seamless," said Ravneet Singh Phokela, Chie..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?