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Torrent Power Unveils Rs50,000 Cr Capex Plan to Achieve 10 GW Renewable Target by 2030

Torrent Power has announced an ambitious Rs50,000 crore investment plan over the next 3–4 years to aggressively expand its renewable energy (RE) and power infrastructure. The Ahmedabad-headquartered company aims to scale up its RE portfolio to 10 GW by 2030, a significant leap from its current 1.75 GW capacity.

The investment will be distributed across three core areas:

• Rs20,000 crore towards renewable energy capacity expansion

• Rs14,000 crore for pumped storage hydro projects totaling 3,000 MW

• Rs16,000 crore for upgrading transmission and distribution (T&D) infrastructure

Torrent Power also plans to tap into T&D privatization opportunities. Within FY26, the company will invest Rs1,300 crore to strengthen its transmission network and Rs2,000–Rs2,500 crore to upgrade its distribution business.

This strategic move underscores Torrent Power’s commitment to support India's clean energy transition and meet growing electricity demand through a mix of renewables and grid modernization.