Torrent Power completes ₹3,632 crore Nabha acquisition
after close1 source ↓machine-written, see hownot a recommendation
- TORNTPOWER close
- ₹1,234
- On the day
- +2.58%
- 52-week high
- ₹1,824
- 52-week low
- ₹1,148
Torrent Power completed the acquisition of Nabha Power on 25 Jun 2026 for ₹3,632.35 crore, adding a 1,400 MW coal-based supercritical thermal power plant in Punjab. The transaction covered 100% of Nabha Power’s equity shares and convertible instruments. Nabha Power contributed revenue ₹1,145 cr and profit ₹123 cr to Torrent Power during the quarter ended 30 Sep 2026, providing the first reported contribution from the acquired asset.
The acquisition expands Torrent Power’s generation capacity in the conventional power segment and increases its exposure to Punjab’s electricity market. Nabha Power’s provisional identifiable net asset fair value stood at ₹4,390.16 crore on the acquisition date, above the transaction consideration. The plant’s supercritical technology is designed for higher operating efficiency than older coal-fired units, while the asset’s financial contribution gives investors an early indication of its earnings integration. Energy ⚡ remains the key sector affected, with the deal adding operating scale rather than representing a new project under development.
OI Charts data showed the stock closing at ₹1,234 on 04 Nov 2026, up 2.6% on the day, with volume of 235,078 shares. The stock gained 6.4% over five sessions but remained down 0.7% over 20 sessions. Its 52-week range was ₹1,148, recorded on 26 Oct 2026, to ₹1,824 on 27 Apr 2026. The recent rebound therefore came with the stock still well below its 52-week high.
Investors will watch subsequent quarterly disclosures for the acquired plant’s recurring revenue, profitability, generation performance and contribution to consolidated earnings. The key operating variables include plant availability, coal costs, power offtake and the extent to which the new asset supports cash flows after integration. Further details on purchase-price allocation and the final fair value of identifiable assets could also refine the accounting impact. The acquisition follows Torrent Power’s broader expansion of its generation portfolio and marks a material step-up in its thermal capacity. 💼
Source: Multibagg AI, 05 Nov 2026
Not investment advice. For informational purposes only.