Torrent Power Charges Up with ₹10,000 Crore NCD Push

Torrent Power’s board has approved raising up to ₹10,000 crore through the issuance of non-convertible debentures (NCDs).

The company has entered a major growth phase in FY26, accelerating investments of around ₹30,000 crore across renewable energy, thermal power and energy storage segments. The planned capital deployment will support Torrent Power’s addition of 3 GW of thermal generation capacity, including a 1,600 MW project in Madhya Pradesh and the strategic acquisition of the 1,400 MW Nabha Power plant.

Alongside capacity expansion, Torrent Power is also focusing on fuel security for its gas-based portfolio through long-term liquefied natural gas (LNG) partnerships with BP and JERA.

Through large-scale fundraising, acquisitions and international fuel partnerships, the company aims to strengthen its position to meet India’s growing energy demand. The strategy reflects Torrent Power’s focus on expanding infrastructure, diversifying its energy portfolio and maintaining strong liquidity to support its long-term growth plans.

News by Rahul Yelligetti.