Torrent Power announces AGM, equity raise, and long-term growth strategy

Torrent Power has announced its 21st Annual General Meeting (AGM) to be held on August 05, 2025, through video conferencing. The agenda includes the adoption of financial statements and the re-appointment of key directors, Samir Mehta and Jinal Mehta.

The company also reported successful completion of a maiden equity raise of INR 3,500 Crore through a Qualified Institutional Placement (QIP), marking the Torrent Group's first equity issuance in over three decades. This move aims to bolster growth in renewable energy, energy storage, and transmission projects.

Looking ahead, Torrent Power aims to achieve 10 GW of renewable capacity by 2030, supported by over 3 GWp under construction. To promote sustainability, it is also evaluating opportunities in green hydrogen and ammonia, ensuring a balanced energy portfolio and stability.