Torrent Group to Invest Rs 10,000 Crore in Gujarat: Chairman

Torrent group will invest Rs 10,000 crore in renewable energy, power and gas distribution businesses in Gujarat, its Chairman Sudhir Mehta said. The group has so far invested Rs 30,000 crore in the state in power and pharmaceutical sectors. “Today we are committing further investment of more than Rs 10,000 crore across renewable energy, power distribution and gas distribution businesses,” Mehta said at the Vibrant Gujarat Global Summit here. Torrent Power currently has a thermal power generation capacity of 3152 MW through a mix of coal and gas-based power plants. In the renewable energy segment, the company has 448.5 MW operational plants with another 1111 MW under construction. In the pharmaceutical sector, Torrent Pharma is among the major homegrown drug makers with a turnover of Rs 6080 crore. – Business Standard