Torrent Power Invests ₹211 Crore to Strengthen Renewable Energy Portfolio via Newzone India Acquisition – EQ
In Short : Torrent Power has invested ₹211 crore to acquire stakes in Newzone India Pvt Ltd and its holding firm. The acquisition will help expand Torrent Power’s renewable energy portfolio and strengthen its clean energy presence in India. This move reflects the company’s strategy to accelerate sustainable growth and support the nation’s transition toward greener power solutions.
In Detail : Torrent Power has acquired stakes in Newzone India Pvt Ltd and its holding company for ₹211 crore. This strategic move strengthens its footprint in the renewable energy sector.
The investment aligns with Torrent Power’s vision of expanding its clean energy portfolio and contributing to sustainable power generation.
By acquiring Newzone India, the company gains access to existing renewable projects, resources, and operational capabilities, enhancing its growth prospects.
The deal also provides opportunities for further investment in solar, wind, and other renewable energy initiatives across India.
This acquisition reflects the company’s commitment to supporting India’s energy transition and reducing reliance on conventional fossil fuels.
Torrent Power aims to leverage Newzone India’s expertise and assets to improve efficiency, operational performance, and project execution.
The move is expected to attract investor confidence, showcasing Torrent Power’s proactive approach toward green energy development and long-term sustainability.
Industry experts view this acquisition as a strategic step in consolidating the renewable energy sector while promoting large-scale clean power deployment.
Overall, Torrent Power’s ₹211 crore investment in Newzone India reinforces its dedication to sustainable growth, renewable energy expansion, and India’s clean energy transition goals.
