Torrent Power to Acquire Nabha Power Limited, Expanding Thermal Generation Footprint

Ahmedabad, 16 February: Torrent Power Limited (Torrent) has entered into a definitive agreement with L&T Power Development Limited (L&TPDL), a wholly owned subsidiary of Larsen & Toubro (L&T). to acquire 100% of equity stake and convertible instruments in Nabha Power Limited (NPL) for an Enterprise Value of INR 6,889 Crores.

NPL is a wholly owned subsidiary of LTPDL, and the transaction is subject to requisite regulatory approvals and customary closing conditions.

NPL 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 supercritical plant, built on advanced Japanese technology, maintains sustained availability levels above 90%. Strategically located in a power-deficit region, the plant also supports potential ancillary revenue streams. Furthermore, existing infrastructure allows for seamless expansion of capacity, supporting future growth opportunities.

Upon completion of the acquisition, Torrent’s operational capacity will increase from ~5 GW to 6.4 GW. In addition, Torrent will gain NPL’s institutional expertise and decade-long technical capabilities, developed through exceptional implementation and operational excellence. This acquisition creates valuable synergies that will strengthen Torrent’s greenfield thermal power development strategy.

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(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)