Torrent plans big growth in power, pharma, healthcare, electricals and gas

Samir Mehta, Chairman, Torrent Group says both pharma and power businesses have big growth potential.  The Pharma business is growing well organically and will continue to pursue acquisitions, a strategy which has worked well in the past decade. Torrent pharma will deepen presence in geographies already entered and add new geographies over time.

For Torrent Power, there is great opportunity in renewables, where capacity will increase from 1.5 gigawatts (GW) to 5 GW in next 2-3 years and 10 GW by 2030. Pumped hydro projects and battery solutions are also being looked into by Torrent Power. In distribution, Torrent is already one among the largest private players and depending on the Government policies, will pursue new opportunities, he says.

Samir Mehta says Torrent Gas has also grown significantly in the last five years and a large capital programme is being implemented. Beyond that, the Group is looking at adjacencies like scaling up Torrent Electricals, venturing into healthcare space through Torrent Diagnostics and building Torrent Hospitals overtime.