Torrent To Invest Rs 10 Billion in Housing Wire Segment

06 Aug 2025 CW Team

Torrent Electricals announced on Tuesday that it plans to invest over Rs 10 billion in its newly launched housing wire vertical over the next few years to scale up manufacturing capacity and strengthen its distribution network.

The company, a recent entrant in the fast-growing housing wire market driven by increasing electricity demand—including from renewable energy—has introduced its products in Gujarat and aims to expand across other states in phased rollouts.

Industry estimates peg the domestic wire and cable market at USD 21.22 billion by 2025, with projections indicating growth to USD 32.85 billion by 2030, reflecting a compound annual growth rate of 9.14 per cent during the period.

Torrent Electricals CEO Sachin Phartiyal stated that the investment will be directed towards enhancing manufacturing capabilities, setting up quality assurance systems, widening distribution reach, and brand-building. He noted that the company’s foray into housing wires aligns with its larger growth strategy driven by urban housing and infrastructure development.

Torrent aims to establish a strong presence within 12–24 months and is currently focused on building a robust dealer and electrician network within offline retail. The company also plans to launch its product range on leading e-commerce platforms such as Amazon and Flipkart.

Torrent Electricals, part of the Torrent Group, operates an integrated manufacturing facility in Nadiad, Gujarat, and is recognised as a leading producer of electrical cables.

Real Estate

08 Oct 2025

Bennet & Bernard Unveil Dutch-Inspired ‘Casa El Toledo’ in Goa

Bennet & Bernard Group, Goa’s leading luxury real estate developer, has launched its newest project, Casa El Toledo, in Assagao. The enclave features 18 ultra-luxury 4 BHK Dutch-style villas blending European charm with tropical elegance. Each villa includes a private pool, double-height ceilings, open courtyards, alfresco dining areas, and English-inspired landscaping. The interiors are curated by noted Dutch designer Kelly Marie. Reflecting the grandeur of the Dutch Golden Age, Casa El Toledo harmonises heritage aesthetics with modern sensibilities. Expansive interiors flow..

Godrej Delivers Heaviest Ecolaire Surface Condenser to US Project

Godrej Enterprises Group’s Process Equipment business has manufactured and delivered its heaviest Ecolaire® Surface Condenser to date, weighing nearly 450 metric tonnes, for a power-generation project in the United States. The project, powered by natural gas and partly designed for hydrogen compatibility, marks another step in advancing clean energy systems. Produced at the company’s GreenCo-certified Dahej facility in Gujarat, the equipment demonstrates India’s growing engineering capabilities and reinforces Godrej’s ‘Make in India for the World’ vision. Hussain S..

India, Brazil Discuss Energy Ties And Oil Investments

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors. The talks took place during a dinner hosted by Kenneth H da Nobrega, Ambassador of Brazil to India, at his residence in New Delhi.Mr Puri said the meeting focused on Indian investments in Brazil’s oil and gas sector, as well as expanding collaboration in energy transition and biofuels. “The enriching conversation revolved ar..