Archive · 28 Sep 2026
Torrent Pharma Raises Investment in Torrent Urja Renewable Project
Torrent Pharma wants to spend more money on a clean-energy project.
Its earlier planned investment was about ₹7.9 crore.
The new investment is reported as either ₹11.87 crore or ₹11.88 crore in the articles.
In return, Torrent Pharma is expected to receive a 26% stake in Torrent Urja 27.
Torrent Urja 27 is planning a project that uses both solar and wind power.
The project will be built in Gujarat.
Torrent Pharma says this can increase its use of renewable electricity.
It also aims to help the company follow rules for captive electricity users.
The payment will be made in cash, and the transaction may take 18 to 21 months to finish.
Torrent Pharmaceuticals plans to increase its investment in Torrent Urja 27 from about ₹7.9 crore to ₹11.87-11.88 crore.
The investment is intended to secure a 26% stake in Torrent Urja 27 through 1,18,79,010 Class A equity shares.
The increase follows higher capacity for Torrent Urja 27’s planned captive hybrid solar-and-wind project in Gujarat.
Torrent Pharma said the project will expand renewable power use and help meet captive-user requirements under Indian electricity laws.
The cash transaction is expected to be completed within 18 to 21 months, while reports say Torrent Urja had zero turnover as of 31 March 2026.
- Who
- Torrent Pharmaceuticals Limited and Torrent Urja 27 Private Limited, a wholly owned subsidiary of Torrent Green Energy Private Limited.
- What
- Torrent Pharma is increasing its proposed investment to about ₹11.87-11.88 crore for a 26% stake in Torrent Urja 27.
- When
- The amendment and announcement were reported on 28 September 2026; completion is expected within 18 to 21 months.
- Where
- The captive hybrid solar-and-wind project is being developed in Gujarat; Torrent Urja 27 is registered in Ahmedabad, India.
- Why
- To increase renewable power in Torrent Pharma’s operations and meet regulatory requirements for captive users under Indian electricity laws.
- Enhanced investment
- ₹11.87 crore in one report and ₹11.88 crore in another
- Earlier investment
- ₹7.91 crore in one report and ₹7.9 crore in another
- Stake
- 26% of Torrent Urja 27
- Shares
- 1,18,79,010 Class A equity shares with a face value of ₹10 each
- Project
- Captive hybrid solar-and-wind power project in Gujarat
- Payment
- Cash consideration on an arm’s-length basis
- Completion period
- 18 to 21 months
- Reported turnover
- Zero turnover as of 31 March 2026
