Torrent Pharma to Acquire 26 Percent Stake in Captive Hybrid Power Project in Gujarat
Torrent Pharmaceuticals will invest INR 7.92 crore for a 26 percent stake in Torrent Urja 27 Pvt. Ltd., developing a captive solar-wind hybrid project in Gujarat to enhance renewable energy usage.
September 11, 2025. By EI News Network
Torrent Pharmaceuticals Ltd. has announced plans to acquire a 26 percent equity stake in Torrent Urja 27 Pvt. Ltd., a special purpose vehicle (SPV) set up for a captive hybrid solar and wind power project in Gujarat.
The company signed a Share Subscription and Shareholders’ Agreement (SSSA) today, committing an investment of INR 7.92 crore for 79.19 lakh equity shares of face value INR 10 each. The acquisition is expected to be completed within 18–20 months.
Torrent Urja is currently a wholly owned subsidiary of Torrent Green Energy Pvt. Ltd. and will serve as a captive power producer for Torrent Pharma, helping the company boost its share of renewable energy and meet regulatory requirements under Indian electricity laws.
Torrent Pharma emphasised that the move aligns with its sustainability goals and will contribute to reducing its carbon footprint through renewable energy adoption.
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