Power Stock Completes Rs 3,632 Crore Acquisition of Nabha Power
Sagar DSIJ / 25 Jun 2026 / Categories: Mindshare, Trending
Torrent Power has completed the acquisition of 100 per cent equity shares and convertible instruments of Nabha Power Limited from L&T Power Development, making the company its wholly owned subsidiary.
On Thursday, Indian benchmark indices traded marginally higher, with the Nifty 50 gaining 34.35 points, or 0.14 per cent, to 24,056.00. Despite the positive market sentiment, shares of Torrent Power Limited declined 2.11 per cent to Rs 1,413.70 during the session.
Completes Rs 3,632 Crore Acquisition
Torrent Power Limited has completed the acquisition of 100 per cent equity shares and convertible instruments of Nabha Power Limited (NPL) from L&T Power Development Limited for a total consideration of Rs 3,632.35 crore, following closing adjustments. The acquisition was completed after receiving the required regulatory approvals, including clearance from the Competition Commission of India (CCI).
Nabha Power Becomes Wholly Owned Subsidiary
Following the completion of the transaction, Nabha Power Limited has become a wholly owned subsidiary of Torrent Power with effect from June 25, 2026. The acquisition marks the successful closure of the Securities Purchase Agreement that was executed earlier this year for acquiring the entire equity stake and convertible instruments of the company.
Strengthens Generation Portfolio
The acquisition is expected to strengthen Torrent Power's thermal power generation portfolio and expand its presence in India's power sector. Nabha Power owns and operates the 1,400 MW (2×700 MW) Rajpura Thermal Power Plant in Punjab, one of the country's supercritical coal-based power projects. The addition of this operational asset is expected to enhance Torrent Power's generation capacity while providing stable long-term revenue visibility.
The transaction also aligns with the company's strategy of expanding through value-accretive acquisitions of high-quality operating power assets.
About the Company
Torrent Power Limited is one of India's leading integrated power utilities with operations across the entire power value chain, including generation, transmission and distribution. The company has a diversified generation portfolio comprising gas-based, coal-based and renewable energy assets, while also supplying electricity to millions of consumers across multiple states.
Torrent Power has been steadily expanding its renewable energy portfolio alongside its conventional generation business and continues to strengthen its position through strategic acquisitions, capacity additions and investments across the Indian power sector.
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Disclaimer: The article is for informational purposes only and not investment advice.