Torrent Power Completes Acquisition Of Nabha Power
POWER & RENEWABLE ENERGY

Torrent Power Completes Acquisition Of Nabha Power

Torrent Power has completed the acquisition of 100 per cent equity shares and convertible instruments of Nabha Power Ltd from L&T Power Development Ltd for Rs 36.32 billion (Rs 36.32 bn), consequent to closing adjustments. The transaction follows an earlier securities purchase agreement and receipt of approval from the Competition Commission of India. Torrent announced the completion in a regulatory filing to the stock exchanges.

Nabha Power Ltd operates a two 700 megawatt (MW) supercritical thermal power plant at Rajpura in Punjab and has been in commercial operation since 2014. Nabha is a wholly owned subsidiary of L&T Power Development Ltd, which is a subsidiary of infrastructure major Larsen & Toubro. The acquisition brings those generation assets into Torrent Power's portfolio.

Torrent Power is engaged in power generation, transmission, distribution and manufacture and supply of power transmission cables and is part of the Torrent Group, which has interests in power, pharmaceuticals and gas distribution. After the completion of the acquisition the company's operational capacity increased from five gigawatt (GW) to six point four GW. The expanded capacity strengthens the company's scale in India’s power sector.

The company said the acquisition aligns with strategic priorities to augment baseload capacity and strengthen market position. Management noted integration and optimisation of the acquired assets with existing operations as next steps. The deal will expand the group's reach across generation and distribution businesses without change to previously disclosed facts.

Post acquisition the company intends to focus on operational efficiencies, fuel procurement and maintenance scheduling to support reliable supply and cost management across the enlarged portfolio. Financial and operational teams will oversee integration and report progress through regular filings. The move is positioned as a consolidation of baseload generation within the group while maintaining existing regulatory compliance and disclosure obligations.

Torrent Power has completed the acquisition of 100 per cent equity shares and convertible instruments of Nabha Power Ltd from L&T Power Development Ltd for Rs 36.32 billion (Rs 36.32 bn), consequent to closing adjustments. The transaction follows an earlier securities purchase agreement and receipt of approval from the Competition Commission of India. Torrent announced the completion in a regulatory filing to the stock exchanges. Nabha Power Ltd operates a two 700 megawatt (MW) supercritical thermal power plant at Rajpura in Punjab and has been in commercial operation since 2014. Nabha is a wholly owned subsidiary of L&T Power Development Ltd, which is a subsidiary of infrastructure major Larsen & Toubro. The acquisition brings those generation assets into Torrent Power's portfolio. Torrent Power is engaged in power generation, transmission, distribution and manufacture and supply of power transmission cables and is part of the Torrent Group, which has interests in power, pharmaceuticals and gas distribution. After the completion of the acquisition the company's operational capacity increased from five gigawatt (GW) to six point four GW. The expanded capacity strengthens the company's scale in India’s power sector. The company said the acquisition aligns with strategic priorities to augment baseload capacity and strengthen market position. Management noted integration and optimisation of the acquired assets with existing operations as next steps. The deal will expand the group's reach across generation and distribution businesses without change to previously disclosed facts. Post acquisition the company intends to focus on operational efficiencies, fuel procurement and maintenance scheduling to support reliable supply and cost management across the enlarged portfolio. Financial and operational teams will oversee integration and report progress through regular filings. The move is positioned as a consolidation of baseload generation within the group while maintaining existing regulatory compliance and disclosure obligations.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement