CCI Approves Torrent Power Acquisition Of Nabha Power

09 Apr 2026 CW Team

Torrent Power Limited is a public listed company engaged in power generation, power transmission, power distribution and the manufacture and supply of power transmission cables. The company belongs to the Torrent Group, which is engaged inter alia in the power, pharmaceuticals and gas distribution sectors. The description reflects the acquirer group activities relevant to the notified combination.

Nabha Power Limited, the target, is a wholly owned subsidiary of L&T Power Development Limited, the seller. The target operates two units of 700 Megawatt (MW) each, comprising a supercritical thermal power plant located at Rajpura in Punjab that has been in commercial operation since 2014. The plant configuration and operational status were material to the commission's assessment.

The proposed combination will transfer control over the target to the acquirer if consummated and is expected to align with Torrent Power's existing generation and distribution operations. The commission's approval clears the parties to proceed subject to any conditions that may be set out in the final order. Market participants and stakeholders will await the detailed order for any specific remedies or disclosures.

The seller, L&T Power Development Limited, will divest the target as part of the notified combination under the transaction agreement. The approval followed an assessment of the transaction architecture on a fully diluted basis. The commission reviewed the implications for market structure and potential overlaps.

Parties may announce further commercial details after completion. Stakeholders will monitor the final order closely.

The Competition Commission of India has approved the proposed acquisition by Torrent Power Limited of 100 per cent equity shares and non-cumulative optionally convertible redeemable preference shares in Nabha Power Limited from L&T Power Development Limited. The approval covers the transaction on a fully diluted basis and follows the statutory merger review process. The commission has indicated that a detailed order will follow. Torrent Power Limited is a public listed company engaged in power generation, power transmission, power distribution and the manufacture and supply of power transmission cables. The company belongs to the Torrent Group, which is engaged inter alia in the power, pharmaceuticals and gas distribution sectors. The description reflects the acquirer group activities relevant to the notified combination. Nabha Power Limited, the target, is a wholly owned subsidiary of L&T Power Development Limited, the seller. The target operates two units of 700 Megawatt (MW) each, comprising a supercritical thermal power plant located at Rajpura in Punjab that has been in commercial operation since 2014. The plant configuration and operational status were material to the commission's assessment. The proposed combination will transfer control over the target to the acquirer if consummated and is expected to align with Torrent Power's existing generation and distribution operations. The commission's approval clears the parties to proceed subject to any conditions that may be set out in the final order. Market participants and stakeholders will await the detailed order for any specific remedies or disclosures. The seller, L&T Power Development Limited, will divest the target as part of the notified combination under the transaction agreement. The approval followed an assessment of the transaction architecture on a fully diluted basis. The commission reviewed the implications for market structure and potential overlaps. Parties may announce further commercial details after completion. Stakeholders will monitor the final order closely.

Infrastructure Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Real Estate

06 Aug 2026

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Building Material

06 Aug 2026

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..