Torrent Power completes acquisition of Nabha Power

Torrent Power has completed the acquisition of 100% equity shares and convertible instruments of Nabha Power (NPL) from L&T Power Development (L&T) at a total consideration of Rs 3,632.35 crore. With this, NPL has become a wholly owned subsidiary of the company. Earlier, the company had entered into a Securities Purchase Agreement on February 16, 2026 to acquire 100% of the equity stake and convertible instruments of NPL from L&T. Torrent Power is an integrated utility engaged in the business of power generation, transmission and distribution with operations in the states of Gujarat, Maharashtra and Uttar Pradesh.