Torrent Power to acquire Nabha Power for Rs 6,889 Crores

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

TORNTPOWER · price

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Price reactionminutes from the announcement price · days from the prior close

+0.4%Reaction day

₹1462.20

prior close

₹1468.70

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.4%-0.1% vs market

Power peers, median of 36sector · industry level+0.1%+0.3% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Midcap 150 and 0.3 pts more than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.2

15m

-0.3

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.4+0.4-0.1+0.1+0.3

Next day

+1.4+0.7+0.7+0.7+0.7

+4.2+1.3+3.0+0.9+3.3

+2.0-0.3+2.3-1.2+3.2

+4.6+0.2+4.5-1.0+5.6

+4.8-0.0+4.9-1.3+6.2

+7.0+0.3+6.7-2.1+9.1

15d

-0.5-3.7+3.2-7.7+7.2

-1.5-7.9+6.3-7.6+6.1

+4.1-0.5+4.6+8.7-4.6

+4.3+1.5+2.8+6.8-2.5

UpDownMarket · Nifty Midcap 150Sector · Power peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Torrent Power will acquire 100 percent of Nabha Power Limited from L&T Power Development for an enterprise value of Rs 6,889 crores. NPL runs a 1,400 MW supercritical thermal power plant in Punjab with FY25 revenue of Rs 4,866 crores and adjusted EBITDA of Rs 1,153 crores. The deal lifts Torrent's operational capacity from about 5 GW to 6.4 GW and adds a northern India presence backed by a 25 year PPA. Subject to regulatory approvals.

Likely market impact

Capacity rises from 5 GW to 6.4 GW with contracted cash flows. Positive for long term revenue and earnings growth.