# L&T to divest Nabha Power Limited to Torrent Power

L&T Power Development Ltd agreed to sell 100% of Nabha Power Ltd, which operates a 1,400 MW coal-fired power plant in Rajpura, Punjab, to Torrent Power Ltd, subject to regulatory approvals.

- Type: Acquisition
- Announced: 2026-02-16
- Where: Rajpura, Patiala district, Punjab, India
- Status: announced
- Capacity: 1400 MW (2 x 700 MW)
- Products: electricity from coal-fired thermal power
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Larsen & Toubro](https://endata.com/companies/263.md)
- [Larsen & Toubro](https://endata.com/companies/263.md) (partner)
- [Torrent Power](https://endata.com/companies/14178.md) (acquirer)
- [L&T Power Development Ltd](https://endata.com/companies/27264.md) (partner)
- [Nabha Power Ltd](https://endata.com/companies/27265.md) (target)

## Sources

- [larsentoubro.com](https://www.larsentoubro.com/pressreleases/2026/2026-02-16-lt-to-divest-nabha-power-limited-to-torrent-power), 2026-02-16: "The divestment of NPL aligns with L&T's strategic objective of unlocking value to strengthen our robust core businesses."
- [livemint.com](https://www.livemint.com/companies/news/torrent-power-to-acquire-nabha-power-ltd-from-l-t-for-rs-6-889-crore-11771230553580.html), 2026-02-16: "Torrent Power Ltd has entered into a definitive agreement with L&T Power Development Ltd (L&TPDL), a wholly owned subsidiary of Larsen & Toubro (L&T), to acquire a 100% equity stake and convertible instruments in Nabha Power Ltd (NPL) for an enterprise value of ₹ 6,889 crore."
- [powerline.net.in](https://powerline.net.in/2026/04/10/strategic-expansion-torrent-power-to-acquire-lts-nabha-power/), 2026-04-10: "The deal marks the expansion of Torrent Power’s thermal generation footprint, adding a fully contracted asset with a long operating history."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.