Acquisitions16 Feb 2026, 12:10 pm
Torrent Power to Acquire Nabha Power Limited for INR 6,889 Crores, Expanding Thermal Generation Footprint
AI Summary
Torrent Power Limited has entered into a definitive agreement with L&T Power Development Limited to acquire 100% of equity stake and convertible instruments in Nabha Power Limited for an Enterprise Value of INR 6,889 Crores. Nabha Power Limited is a fully contracted thermal power asset with revenue of INR 4,866 crores and Adjusted EBITDA of INR 1,153 crores in FY 2025. The acquisition will increase Torrent’s operational capacity from ~5 GW to 6.4 GW and is expected to be value accretive from day one. The transaction is subject to requisite regulatory approvals and customary closing conditions.
Key Highlights
- Torrent Power to acquire Nabha Power Limited for INR 6,889 Crores
- Nabha Power Limited is a fully contracted thermal power asset with revenue of INR 4,866 crores and Adjusted EBITDA of INR 1,153 crores in FY 2025
- The acquisition will increase Torrent’s operational capacity from ~5 GW to 6.4 GW
- The transaction is expected to be value accretive from day one
- The acquisition is subject to requisite regulatory approvals and customary closing conditions