Torrent Power Ltd Acquires Nabha Power Limited for Rs. 3660.87 Crores

Torrent Power Ltd has entered into a Securities Purchase Agreement to acquire 100% of the equity stake and convertible instruments of Nabha Power Limited from L&T Power Development Limited for an aggregate consideration of Rs. 3660.87 crores. Nabha Power Limited owns and operates a 2x700 MW coal based super critical thermal power plant at Village Nalash, Rajpura, Punjab. The turnover of NPL for FY 25 was INR 4421.54 Crore. This acquisition will enable Torrent Power to expand its current thermal generation portfolio and will extend its presence in Northern India. The acquisition is subject to approval from Competition Commission of India and is expected to be completed by 30th June 2026.