Torrent Power outlines Rs 500 bn investment in renewables and grid infrastructure

Torrent Power plans to invest Rs 50,000 crore over the next three to four years to increase its renewable energy (RE) capacity to 10 GW by 2030, up from 1.75 GW currently.

The capex will be divided across three segments. Around Rs 20,000 crore will support renewable energy projects, Rs 14,000 crore is allocated to 3,000 MW of pumped storage hydro capacity, and Rs 16,000 crore will go toward expanding transmission and distribution (T&D) networks, including participation in new privatisation opportunities.

For FY26 alone, Torrent Power has committed Rs 5,700 crore to renewable energy projects. This includes Rs 2,500 crore for solar, Rs 4,500 crore for wind, and part of Rs 13,000 crore allocated to hybrid projects under the broader investment cycle. Company officials expect to commission 900 MW of RE capacity in FY26, comprising 370 MW solar, 300 MW wind, and 250 MW hybrid.

In the T&D segment, the company will invest around Rs 1,300 crore in its transmission network during FY26. An additional Rs 2,000 to Rs 2,500 crore has been earmarked for upgrading and expanding distribution assets.