Torrent Power in Talks to Acquire L&T’s Thermal Unit in $1 Billion Deal

is currently in discussions to acquire the thermal power unit of Larsen & Toubro for around $1 billion, including debt. This potential deal aligns with L&T’s ongoing strategy to exit non-core segments and sharpen focus on its core engineering and construction business. The thermal unit has been under review since 2021, when L&T previously explored a merger with Sembcorp’s India operations. If successful, this acquisition could support Torrent Power which already operates across generation, transmission, and distribution in expanding its conventional power portfolio. The deal is still under negotiation, and while terms may evolve or new bidders may emerge, a transaction of this scale could also help L&T improve its cash flow position and reduce leverage. Follow me for more such updates, Thank You! Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.