Torrent Electricals Announces Major Expansion, Commits ₹1,000 Crore to Housing Wires.

Torrent Electricals has announced a major investment of over ₹1,000 crore into its new housing wire business over the next few years. The company plans to use the funds to build out its manufacturing capabilities and expand its distribution network.

This marks Torrent's entry into the fast-growing housing wire segment, which is being boosted by rising power demand, particularly from renewable energy sources. The company recently launched its products in Gujarat and plans to roll them out in other states in a phased manner.

The move comes as the domestic wire and cable market is experiencing significant growth. According to industry estimates, the market is valued at USD 21.22 billion in 2025 and is expected to reach USD 32.85 billion by 2030, with a projected compound annual growth rate (CAGR) of 9.14% over that period.