Torrent Power plans expansion, to invest Rs 10,000 crores
Power and transmission sector firm Torrent Power is looking for expansion with some major investments lined up. Some of the projects that the firm is looking forward to are: a 1,600 MW facility in Madhya Pradesh and the acquisition of the 1,400 MW Nabha Power plant.
For this expansion, the firm is planning to raise 10,000 crore via Non-Convertible Debentures (NCDs). This debt will fuel the capital expenditures (CAPEX) worth over Rs 30,000 crores spread across thermal, renewable, and storage projects.
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