Torrent Power Ltd. has completed the acquisition of Nabha Power Limited from Larsen & Toubro (L&T) in a transaction valued at ₹3,632 crore, marking a significant step in the company’s strategy to expand its power generation portfolio. The acquisition follows the receipt of all necessary regulatory approvals and the fulfillment of closing conditions, enabling Torrent Power to formally take ownership of Nabha Power. The transaction was originally announced earlier this year and has now reached its completion.
Nabha Power owns and operates a 2×700 MW (1,400 MW) supercritical thermal power plant located in Punjab. The facility supplies electricity under a long-term power purchase agreement, making it an established operating asset within India’s power generation sector.
With the addition of Nabha Power, Torrent Power further strengthens its presence in conventional power generation while complementing its growing renewable energy portfolio. The acquisition is expected to enhance the company’s operational scale and support its long-term growth strategy across generation, transmission and distribution businesses.
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Strengthening the Generation Portfolio
The acquisition expands Torrent Power’s installed generation capacity and adds a large operational thermal asset to its portfolio. By integrating Nabha Power’s operations, the company aims to improve operational efficiencies and reinforce its position as one of India’s leading integrated power utilities.
Industry experts believe strategic acquisitions of operational power assets continue to play an important role in meeting India’s rising electricity demand while supporting grid reliability during the country’s ongoing energy transition.
A Strategic Expansion
The completion of the acquisition reflects Torrent Power’s continued focus on expanding through a balanced mix of organic growth and strategic investments. As India’s electricity demand continues to grow, established generation assets such as Nabha Power are expected to remain important in ensuring reliable power supply alongside increasing renewable energy capacity.
The transaction also highlights continued investment activity in India’s power and infrastructure sector, where utilities are strengthening their portfolios to meet future energy requirements.
