Competition Commission of India Approves Torrent Power's Acquisition of Nabha Power
CCI okays Torrent Power's proposal to acquire Nabha Power from L&T's arm
The Economic Times
Image: The Economic Times
The Competition Commission of India has approved Torrent Power's acquisition of a 100% stake in Nabha Power Ltd from L&T Power Development for ₹6,889 crore (approximately $830 million USD). This acquisition will enhance Torrent Power's operational capacity from 5 GW to 6.4 GW, further solidifying its position in the power sector.
- 01Torrent Power will acquire Nabha Power for ₹6,889 crore.
- 02The acquisition will increase Torrent Power's capacity from 5 GW to 6.4 GW.
- 03Nabha Power operates a 2x700 MW thermal power plant in Rajpura, Punjab.
- 04The deal is part of Torrent Power's strategy to expand its footprint in the energy sector.
- 05The Competition Commission of India ensures fair competition in the marketplace.
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The Competition Commission of India (CCI) has given the green light for Torrent Power Ltd to acquire a 100% stake in Nabha Power Ltd from L&T Power Development Ltd for an enterprise value of ₹6,889 crore (approximately $830 million USD). This acquisition, announced in February 2026, will include all equity shares and non-cumulative optionally convertible redeemable preference shares of Nabha Power. Following the completion of this deal, Torrent Power's operational capacity will rise from 5 GW to 6.4 GW. Nabha Power operates a 2x700 Megawatt supercritical thermal power plant located in Rajpura, Punjab, which has been in operation since 2014. The plant reported a revenue of ₹4,866 crore and an adjusted EBITDA of ₹1,153 crore in FY25, with a plant availability factor of 95.36%. The CCI's approval is crucial as it regulates significant acquisitions to prevent unfair business practices and promote competition.
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The acquisition will enhance Torrent Power's capacity, potentially leading to improved energy supply and stability in the region.
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