Larsen & Toubro Limited, hereafter L&T, has agreed to divest its entire stake in Nabha Power Limited to Torrent Power Limited, with the companies announcing the transaction. The deal will transfer ownership of the thermal power project and associated assets to Torrent Power as part of L&T's portfolio rationalisation. L&T is a US dollar 30 bn Indian multinational engaged in engineering, procurement and construction projects, hi-tech manufacturing and services across multiple geographies. The company attributes its market position to a strong customer-focused approach and sustained quality over eight decades.

Torrent Power is described as one of the largest private power sector players in India and operates an integrated value chain encompassing power generation, transmission and distribution. The company is said to run highly efficient generation assets and to seek operational synergies through end-to-end presence. The acquisition of Nabha Power Limited is expected to strengthen Torrent Power's generation portfolio and to support more stable operations across its network. Both companies indicated that the transaction aligns with their strategic priorities.

The transaction documents and commercial terms were not disclosed in the announcement made available by the sellers and buyers. L&T will follow applicable regulatory approvals and customary closing conditions before completing the transfer of assets and shareholder interests. Torrent Power will integrate the Nabha project with its existing operations and assess opportunities for operational optimisation and future investments. Stakeholders and regulators will be kept informed as the parties progress through the approvals process.

Corporate communications teams from both companies provided contact details for further enquiries and offered standard information about their businesses on corporate websites. The parties reiterated that the transaction is subject to necessary consents and that ongoing operations will continue during the transition period. Market observers will watch for updates on regulatory clearance and any implications for regional power supply dynamics. The companies expect the completion to support their respective strategic objectives.