Powering ahead: L&T exits Nabha Power; Torrent Power to buy 100% stake for Rs 6,889 crore
Torrent Power has acquired Nabha Power, a coal-fired power plant operator in northern India, for Rs 6,889 crore. This will increase Torrent's operational capacity to 6.4 GW and mark their entry into the high-growth power market of northern India. L&T, the previous owner, will receive Rs 3,661 crore from the sale.