1 hr ago
Torrent Pharma Raises Investment in Renewable Power Project
Torrent Pharma plans to spend more money on a renewable-energy project.
Its investment will rise from ₹7.91 crore to ₹11.87 crore.
In return, it will own 26% of Torrent Urja.
Torrent Urja is working on a project that combines solar and wind power.
The project is planned for Gujarat.
The investment is intended to increase renewable power in Torrent Pharma’s operations.
It is also meant to help the company meet rules for captive electricity users.
The deal will be paid for in cash and is expected to finish within 18 to 21 months.
Torrent Pharmaceuticals increased its investment in Torrent Urja 27 Private Limited from ₹7.91 crore to ₹11.87 crore.
The investment will give Torrent Pharma a 26% stake in Torrent Urja.
The increase follows a higher project capacity under an amended Share Subscription and Shareholders’ Agreement dated 28 September 2026.
Torrent Urja is developing a captive hybrid solar-and-wind power project in Gujarat.
The acquisition covers 1,18,79,010 Class A equity shares and is expected to be completed within 18 to 21 months.
- Who
- Torrent Pharmaceuticals Ltd and Torrent Urja 27 Private Limited.
- What
- Torrent Pharma is increasing its investment in Torrent Urja to ₹11.87 crore for a 26% stake.
- Where
- The captive hybrid power project is located in Gujarat; Torrent Urja was registered in Ahmedabad, India.
- When
- The announcement and agreement amendment were made on 28 September 2026; completion is expected within 18 to 21 months.
- Why
- To increase renewable power in Torrent Pharma’s operations and comply with captive-user requirements under Indian electricity laws.
Key facts
- New investment
- ₹11.87 crore
- Previous investment
- ₹7.91 crore
- Stake acquired
- 26% of Torrent Urja
- Project type
- Captive hybrid solar-and-wind power project
- Shares acquired
- 1,18,79,010 Class A equity shares, each with a face value of ₹10
- Payment method
- Cash consideration
- Expected completion
- 18 to 21 months
- Reported turnover
- Torrent Urja reported zero turnover as of 31 March 2026
Sources
Related news
Jefferies Sees 37% Upside for Torrent Power on Renewables
Andhra Pradesh Courts Gujarat Groups for Clean Energy Investments
Saudi Alfanar Invests $100 Million in India’s Senvion
Agastya Energy and Infrastructure Plans ₹566 Crore Preferential Issue
Nuvama Upgrades Tata Power as Kleros Risks Get Priced In
Drishyam 3 Crosses ₹8 Crore In Advance Bookings
PM Modi Marks Ashok Singhal’s Birth Centenary and Legacy
Bhupendra Patel Targets Rahul Gandhi Over SIR Dispute
India’s Solar Module Capacity Surges, Outpacing Cell Manufacturing Growth
