Latest news with #Torrent
Time of India
2 days ago
- Business
- Time of India
Torrent Power plans Rs 50,000 crore investment in renewable energy capacity expansion
In one of its most aggressive bets yet on clean energy, Ahmedabad-headquartered Torrent Power plans to invest nearly Rs 50,000 crore over the next three to four years, as the company races to scale up its renewable energy (RE) capacity and strengthen its power network across geographies. The homegrown power major is targeting 10 GW of renewable capacity by 2030 - a significant leap from its current 1.75 GW operational portfolio. Company officials said the Rs 50,000-crore capex war chest will be split across three key verticals: approximately Rs 20,000 crore will power the company's RE ambitions, Rs 14,000 crore will go into pumped storage hydro projects with a cumulative 3,000 MW capacity, and the remaining Rs 16,000 crore is earmarked for expanding its transmission and distribution ( T&D ) network, including tapping new privatisation opportunities. The company is not leaving its plans for a long-term horizon. In FY 2026 alone, Torrent Power has lined up a capex of around ₹5,700 crore for RE projects, officials told TOI. Solar projects will attract ₹2,500 crore, wind ₹4,500 crore, while hybrid projects,- where the company is betting big - are slated to draw ₹13,000 crore over the broader investment cycle. "In the T&D segment, Torrent plans to pump in around ₹1,300 crore to bolster its transmission network during FY26, alongside ₹2,000 to ₹ 2,500 crore earmarked for expanding and upgrading its distribution business," a company spokesperson said. Execution of key RE projects on ground is already in motion. "We expect to commission nearly 900 MW of renewable capacity in FY26 alone, including 370 MW of solar, 300 MW of wind and around 250 MW of hybrid projects," the spokesperson further added. With 3.1 GW of projects currently under construction, the company's total RE portfolio, both operational and in the pipeline, is now at nearly 4.9 GW. Torrent maintains a 70:30 debt-to-equity ratio for new projects. Its recently concluded ₹3,500-crore QIP has fortified its financial base, with its net debt to EBITDA ratio at a comfortable 1.41 as of March 2025 - among the lowest in the Indian power sector.
Time of India
4 days ago
- Business
- Time of India
Torrent Power plans Rs 50,000 crore investment in renewable energy capacity expansion
AHMEDABAD: In one of its most aggressive bets yet on clean energy, Ahmedabad-headquartered Torrent Power plans to invest nearly Rs 50,000 crore over the next three to four years, as the company races to scale up its renewable energy (RE) capacity and strengthen its power network across geographies. The homegrown power major is targeting 10 GW of renewable capacity by 2030 - a significant leap from its current 1.75 GW operational portfolio. Company officials said the Rs 50,000-crore capex war chest will be split across three key verticals: approximately Rs 20,000 crore will power the company's RE ambitions, Rs 14,000 crore will go into pumped storage hydro projects with a cumulative 3,000 MW capacity, and the remaining Rs 16,000 crore is earmarked for expanding its transmission and distribution (T&D) network, including tapping new privatisation opportunities. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad The company is not leaving its plans for a long-term horizon. In FY 2026 alone, Torrent Power has lined up a capex of around Rs 5,700 crore for RE projects, officials told TOI. Solar projects will attract Rs 2,500 crore, wind Rs 4,500 crore, while hybrid projects,- where the company is betting big - are slated to draw Rs 13,000 crore over the broader investment cycle. "In the T&D segment, Torrent plans to pump in around Rs 1,300 crore to bolster its transmission network during FY26, alongside Rs 2,000 to Rs 2,500 crore earmarked for expanding and upgrading its distribution business," a company spokesperson said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gold Is Surging in 2025 — Smart Traders Are Already In IC Markets Learn More Undo Execution of key RE projects on ground is already in motion. "We expect to commission nearly 900 MW of renewable capacity in FY26 alone, including 370 MW of solar, 300 MW of wind and around 250 MW of hybrid projects," the spokesperson further added. With 3.1 GW of projects currently under construction, the company's total RE portfolio, both operational and in the pipeline, is now at nearly 4.9 GW. Torrent maintains a 70:30 debt-to-equity ratio for new projects. Its recently concluded Rs 3,500-crore QIP has fortified its financial base, with its net debt to EBITDA ratio at a comfortable 1.41 as of March 2025 - among the lowest in the Indian power sector.
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Business Standard
5 days ago
- Business
- Business Standard
Torrent Pharma seeks CCI nod for ₹19,500 cr majority stake in JB Chemicals
Ahmedabad-based Torrent Pharmaceuticals has sought fair trade regulator CCI's clearance to acquire a majority stake in in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal. After the completion of the deal, Torrent Pharmaceuticals will become India's second most valued pharma company. The development came after Torrent Pharmaceuticals in June this year announced the acquisition of a majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal. "The proposed combination relates to acquisition of shareholding by the acquirer (Torrent Pharmaceuticals Ltd) in the target (J B Chemicals & Pharmaceuticals Ltd) and the subsequent amalgamation of the target with the acquirer," according to a notice filed with the Competition Commission of India (CCI). Torrent Pharmaceuticals is the flagship company of the Torrent group and is engaged in the business of manufacturing and sale of pharmaceutical formulations (FDFs) across therapeutic segments. J B Chemicals & Pharmaceuticals is engaged in business of manufacturing and marketing of diverse range of FDFs and APIs (Active Pharmaceutical Ingredients) and also provides CDMO (Contract Development and Manufacturing Organisation) services as well. The parties (Torrent Pharma and J B Chemicals) said that their activities exhibit horizontal overlaps in certain relevant markets for the manufacturing and sale of FDFs in India. In June, Torrent said it will acquire 46.39 per cent stake from promoters Tau Investment Holdings Pte Ltd, an affiliate of global investment firm KKR, for about Rs 11,917 crore. It would additionally buy another 2.80 per cent from certain employees of JB Chemicals at the same acquisition price of Rs 1,600 per share (totaling Rs 719 crore). Post this, it would make an open offer for buying 26 per cent from open market, as per listing norms, at a price of Rs 1,639.18 per share (totaling Rs 6,842.8 crore). This will be the second biggest deal in the pharma sector ever, behind Sun Pharmaceutical Industries' 2015 acquisition of Ranbaxy Laboratories. Post share purchase, JB Pharma will merge into Torrent. In 2020, KKR had bought a 65 per cent stake in JB Chemicals & Pharmaceuticals. In March this year, KKR divested a 5.8 per cent stake in JB Pharma for Rs 1,460 crore through open market transactions. Established in 1976, JB Pharma produces a range of pharmaceuticals in areas such as gastroenterology, dermatology and diabetes, etc. Torrent Pharma, with annual revenues of more than Rs 11,500 crore, is the flagship company of the Torrent Group, with group revenues of Rs 45,000 crore. In April 2014, Sun Pharma had announced it would acquire troubled rival Ranbaxy in an all-stock transaction worth USD 4 billion that includes USD 800 million debt. The merger was 'consummated' following receipt of requisite approvals a year later in March 2015. In another big deal, Mankind Pharma last year completed the transaction to acquire Bharat Serums and Vaccines for a consideration of Rs 13,768 crore.
Time of India
5 days ago
- Business
- Time of India
Torrent Pharma seeks CCI nod to acquire majority stake in JB Chemicals for Rs 19,500 crore
Torrent Pharmaceuticals is looking to acquire J B Chemicals and Pharmaceuticals. The deal is worth Rs 19,500 crore. The company has sought clearance from the Competition Commission of India. After the deal, Torrent will become India's second most valued pharma company. Torrent will acquire a 46.39 per cent stake from Tau Investment. It will also buy 2. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Ahmedabad-based Torrent Pharmaceuticals has sought fair trade regulator CCI's clearance to acquire a majority stake in in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore the completion of the deal, Torrent Pharmaceuticals will become India's second most valued pharma development came after Torrent Pharmaceuticals in June this year announced the acquisition of a majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal."The proposed combination relates to acquisition of shareholding by the acquirer (Torrent Pharmaceuticals Ltd) in the target (J B Chemicals & Pharmaceuticals Ltd) and the subsequent amalgamation of the target with the acquirer," according to a notice filed with the Competition Commission of India (CCI).Torrent Pharmaceuticals is the flagship company of the Torrent group and is engaged in the business of manufacturing and sale of pharmaceutical formulations (FDFs) across therapeutic segments.J B Chemicals & Pharmaceuticals is engaged in business of manufacturing and marketing of diverse range of FDFs and APIs (Active Pharmaceutical Ingredients) and also provides CDMO (Contract Development and Manufacturing Organisation) services as parties ( Torrent Pharma and J B Chemicals) said that their activities exhibit horizontal overlaps in certain relevant markets for the manufacturing and sale of FDFs in June, Torrent said it will acquire 46.39 per cent stake from promoters Tau Investment Holdings Pte Ltd, an affiliate of global investment firm KKR, for about Rs 11,917 crore. It would additionally buy another 2.80 per cent from certain employees of JB Chemicals at the same acquisition price of Rs 1,600 per share (totaling Rs 719 crore).Post this, it would make an open offer for buying 26 per cent from open market, as per listing norms, at a price of Rs 1,639.18 per share (totaling Rs 6,842.8 crore).This will be the second biggest deal in the pharma sector ever, behind Sun Pharmaceutical Industries ' 2015 acquisition of Ranbaxy Laboratories. Post share purchase, JB Pharma will merge into 2020, KKR had bought a 65 per cent stake in JB Chemicals & Pharmaceuticals. In March this year, KKR divested a 5.8 per cent stake in JB Pharma for Rs 1,460 crore through open market in 1976, JB Pharma produces a range of pharmaceuticals in areas such as gastroenterology, dermatology and diabetes, etc. Torrent Pharma , with annual revenues of more than Rs 11,500 crore, is the flagship company of the Torrent Group, with group revenues of Rs 45,000 April 2014, Sun Pharma had announced it would acquire troubled rival Ranbaxy in an all-stock transaction worth USD 4 billion that includes USD 800 million debt. The merger was 'consummated' following receipt of requisite approvals a year later in March another big deal, Mankind Pharma last year completed the transaction to acquire Bharat Serums and Vaccines for a consideration of Rs 13,768 crore.
Time of India
07-07-2025
- Entertainment
- Time of India
Good Wife leaked online, Priyamani's Tamil Hotstar series hit by piracy
Good Wife leaked online: Good Wife, starring Priyamani, premiered on JioHostar on July 4 and received decent reviews with critics praising the performances but panning certain aspects of the execution. The Tamil series has now been leaked online and is available on various piracy websites. Good Wife leaked online Priyamani, best known for her work in Manoj Bajpayee's The Family Man, is in the limelight because of her latest show Good Wife. The show, an adaptation of Julianna Margulies' The Good Wife, has garnered plenty of attention because of the Yamadonga star's portrayal of a determined woman who is forced to look for a job after her husband is dragged into a scandal. In the latest development, Good Wife has been hit by piracy. According to reports, the series is available on Torrent websites and is available to watch online/download. Moreover, terms such as 'watch Good Wife online' and 'download Good Wife' are being widely searched. Piracy is one of the biggest challenges facing the entertainment fraternity. Previously, shows such as Ironheart and Squid Game were leaked online shortly after their release. Piracy dilutes the hard work of the people associated with a title. It also stunts viewership numbers and leaves fans vulnerable to legal threats as well as malware. One should hence stick to legal means and stream Good Wife legally on JioHotstar. About Good Wife Good Wife centres of a caring woman who lives a simple and happy life with her family. Her world, however, is turned upside down when her husband lands in a controversy because of a leaked video. This forces her to look for a job to make ends meet. Good Wife features Priyamani and Sampath Raj in the lead. It is an adaptation of The Good Wife. The original show was also adapted in Hindi as Trial with Kajol in the lead. Good Wife, directed by Revathi, is backed by Banijay Asia and JioHotstar.
