Torrent Gas Business Tender

ScopeTorrent Gas intends to invest about Rs 10000 crore by 2026. This will be for 32 districts under its authorisation. So far the company has already invested about Rs 1800 crore. By pumping Rs 10000 crore it expects the gas sales volumes to cross five mmscmd in five years. The investment plan doesnt include prospective new acquisitions or new GAs. The company has done four acquisitions in the last three years and will continue to actively scout for acquisitions. Torrent Gas intends to fund the investment through 7030 debt-to-equity ratio. The 30 percent equity portion will come from holding company Torrent Investments. It doesnt need to raise any external equity at this time. Torrent Gas has authorisation for 16 Geographical Areas GAs having 32 districts. There are some highly prolific areas in these districts such as Chennai Jaipur and a large part of Pune district. With this diverse portfolio of GAs there is a high potential for growth for Torrent Gas.