L&T Completes Nabha Power Divestment for ₹3,632.35 Cr

Larsen & Toubro Ltd announced the completion of the divestment of its wholly owned subsidiary, Nabha Power Limited (NPL), to Torrent Power Limited. The transaction, initially agreed upon on February 16, 2026, has now closed. L&T PDL, a subsidiary of L&T, received a consideration of ₹3,632.35 crores after closing adjustments. L&T PDL will retain 2,32,50,00,000, 0.1% Non-Convertible Redeemable Preference Shares in NPL, valued at ₹157.92 crores as of March 31, 2026. Consequently, NPL is no longer a subsidiary of L&T PDL or Larsen & Toubro Ltd.