Bonds worth Rs 185 cr, Torrent Group on top among Gujarat firms

Companies in the energy, pharmaceutical and textile sectors in Gujarat saw huge spending on Gujarat electoral bonds, with the highest being the Torrent Group which bought a total of Rs 185 crore worth of electoral bonds, according to data released on Thursday by the Election Commission of India.

The other big companies from Gujarat that bought electoral bonds These include Welspun Group, which spent Rs 50 crore, Vadodara-based Sun Pharma, which bought bonds worth Rs 31 crore and Nirma Group, which bought bonds worth Rs 16 crore.

Torrent Power promoted by Rs 37,000 crore Torrent Group based in Ahmedabadis the top buyer of Gujarat electoral bonds, buying bonds worth Rs 107 crore, while Torrent Pharmaceuticals ltd has bought bonds worth Rs 78 crore since 2019. Torrent Power has Principal Secretary, Energy and Petrochemicals, Mamta Verma, on board as non-executive. director.

Founded by late Uttam Mehta, Torrent Group has his elder son Sudhir Mehta as Chairman Emeritus of Torrent Power Ltd, which is engaged in power generation, distribution and transmission in Gujarat, Maharashtra and Uttar Pradesh.

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