Torrent Power Acquires Newzone Entities for ₹211 Crore to Set Up Thermal Power Project

Torrent Power Limited has announced the acquisition of Newzone India Pvt. Ltd. (NZIPL) and Newzone Power Projects Pvt. Ltd. (NZPPPL) in a strategic move to expand its power generation portfolio. The company acquired 11.95 lakh equity shares of NZIPL (49%) and 30 lakh equity shares of NZPPPL (100%) from the Sarawagi Family and related HUFs for a total cash consideration of ₹211 crore. With this transaction, Torrent Power now holds 100% stake in both entities, gaining complete ownership of the assets. NZIPL’s primary asset is ~922 acres of land (a mix of private and government-leased) located in Annupur District, Madhya Pradesh, earmarked for the development of a coal-based thermal power plant. Notably, both NZIPL and NZPPPL have had no turnover in the past three years, underscoring their role as project vehicles rather than operating companies. The acquisition aligns with Torrent Power’s growth plans, securing a strategic land parcel for future thermal capacity expansion. The transaction, executed on September 23, 2025, is expected to be fully completed within four months. This move strengthens Torrent Power’s presence in India’s power generation sector, with the Annupur land acquisition positioning the company to tap into growing regional electricity demand. ✅ Disclaimer: This article is for informational purposes only and should not be considered as investment advice. 👉 Follow me for more corporate updates and financial insights.