18-February-2026
Corporate News
 
Powering ahead: L&T divests stake in Nabha Power; Torrent Power to buy 100% stake for Rs 6,889 crore
17-Feb-2026

Torrent Power has entered into an agreement with L&T Power Development, a wholly owned subsidiary of Larsen & Toubro (L&T) to acquire 100% of equity stake in Nabha Power for Rs 6,889 crore, including debt. Nabha Power (NPL), a coal-fired power plant operator in northern India, is a wholly owned subsidiary of L&T Power Development (L&TPDL). It owns and operates a 1,400 MW (2×700 MW) supercritical coal-fired thermal power plant at Rajpura in Patiala district, Punjab, under a 25-year power purchase agreement.

News Source:- https://www.financialexpress.com/business/industry-powering-ahead-lampt-divests-stake-in-nabha-power-torrent-power-to-buy-100-stake-for-rs-6889-crore-4144766/
 
 
 

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