Torrent Power has agreed to acquire Nabha Power Ltd from Larsen and Toubro for Rs 68.89 billion (bn), in a transaction that underscores its drive to expand its generation portfolio. The companies described the deal as a strategic disposition by the seller and an opportunity for the acquirer to augment its asset base. The acquisition price reflects the enterprise value agreed between the parties and replaces the figure previously quoted in crores. The transaction remains subject to customary conditions. Completion of the sale is subject to regulatory approvals and the fulfilment of standard closing requirements, with both parties expected to cooperate to secure necessary clearances. The companies indicated that there are no immediate changes planned to ongoing operations and that management continuity at the acquired unit will be prioritised during the handover. Authorities will review the transaction under applicable competition and sector regulations before granting final permission. Strategically, the acquisition is expected to strengthen Torrent Power's generation footprint and to provide scale benefits across its existing portfolio. Integration efforts will focus on operational efficiency, cost optimisation and ensuring reliable supply to existing customers. The purchase is aligned with the company's broader growth objectives and with efforts to consolidate assets that complement its current mix. Stakeholders will monitor the integration timeline and anticipated synergies once the deal closes. Financially, the transaction will be reflected in Torrent Power's balance sheet upon closing and the company will provide updates in its periodic filings. Analysts will assess the impact on earnings and on leverage metrics as further details on funding and accounting treatment emerge. Management commentary and formal disclosures will determine the near term market response and investor expectations. The acquisition marks a notable transfer of infrastructure between the two industrial groups.