Cover Story | August 2014
Power 20:20 - Profiles | Torrent Power Limited
Head of Distribution Company with the most profitability (PAT)
Sudhir Mehta obtained his Bachelors' Degree in 1974, and soon after joined his father UN Mehta in the business arena. He is known to possess a proactive and aggressive approach to business, and has opened up a number of export markets for the Torrent Group. Mehta initiated the diversification of the Torrent Group into the power sector single-handedly. With his business acumen and foresight, the group grew in the power sector after acquiring the ailing Mahendra Cables, now known as Torrent Cables Ltd., followed by acquisition of stakes in the Ahmedabad Electricity Company and the Surat Electricity Company. He managed to acquire majority stakes in these companies by the late ´90s. Simultaneously, he announced plans to set up a 655-MW dual-fuel combined cycle power project in Gujarat and also proposed the 1,147.5-MW Sugen gas-fired power station, the largest gas-based power project of an independent power producer.