L&T arm to sell Nabha Power to Torrent Power in ₹3,661 crore deal

Larsen & Toubro's subsidiary, L&T Power Development Limited, is selling its entire stake in Nabha Power Limited to Torrent Power. The deal is valued at ₹3,660.87 crore. This sale is part of L&T's strategy to focus on its core businesses. Nabha Power operates a 1,400 MW coal-fired plant in Punjab. The transaction is expected to conclude by June 2026.