Torrent Power Acquires Nabha Power from L&T
Analysis based on 12 articles · First reported Feb 16, 2026 · Last updated Feb 16, 2026
The acquisition of Larsen & Toubro===Nabha Power Limited by Torrent Power is expected to positively impact the Indian power sector, increasing Torrent Power's operational capacity and strengthening its market position. Larsen & Toubro's divestment aligns with its strategy to focus on core businesses, potentially leading to improved capital allocation and shareholder value.
Larsen & Toubro (L&T) has agreed to divest its entire stake in Larsen & Toubro===Nabha Power Limited (NPL) to Gujarat-based Torrent Power Limited for an enterprise value of ₹6,889 crore. The transaction, valued at ₹3,660.87 crore for L&T, is subject to regulatory approvals and is expected to close by June 30, 2026. NPL operates a 1,400 MW supercritical coal-fired thermal power plant in Rajpura, India===Punjab, under a 25-year Power Purchase Agreement. This acquisition will increase Torrent Power's operational capacity from 5 GW to 6.4 GW, marking its strategic entry into the northern Indian power market. Torrent Power expects the acquisition to be value-accretive from day one, enhancing revenues and profitability. For L&T, the divestment aligns with its strategy of unlocking value and strengthening its core engineering and infrastructure businesses by moving away from non-core asset-heavy development projects.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard