Torrent Power has entered into a definitive agreement with L&T Power Development (L&TPDL), a wholly owned subsidiary of Larsen & Toubro (L&T) to acquire 100% of equity stake and convertible instruments in Nabha Power (NPL) for an Enterprise Value of Rs 6,889 crore. NPL is a wholly owned subsidiary of LTPDL, and the transaction is subject to requisite regulatory approvals and customary closing conditions. NPL owns and operates a 1,400 MW (2 X 700 MW) supercritical coal-fired thermal power plant at Rajpura in Patiala district, Punjab. NPL is a fully contracted thermal power asset with revenue of Rs 4,866 crore and Adjusted EBITDA of Rs 1,153 crore in FY 2025. The supercritical plant, built on advanced Japanese technology, maintains sustained availability levels above 90%. Strategically located in a power-deficit region, the plant also supports potential ancillary revenue streams. Furthermore, existing infrastructure allows for seamless expansion of capacity, supporting future growth opportunities.Upon completion of the acquisition, Torrent`s operational capacity will increase from ~5 GW to 6.4 GW. In addition, Torrent will gain NPL`s institutional expertise and decade-long technical capabilities, developed through exceptional implementation and operational excellence. This acquisition creates valuable synergies that will strengthen Torrent`s greenfield thermal power development strategy. Powered by Capital Market - Live News

Net profit of Torrent Power rose 35.20% to Rs 643.08 crore in the quarter ended December 2025 as against Rs 475.66 crore during the previous quarter ended December 2024. Sales rose 4.28% to Rs 6777.87 crore in the quarter ended December 2025 as against Rs 6499.38 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales6777.876499.38 4 OPM %20.7017.10 - PBDT1217.621007.42 21 PBT804.97629.90 28 NP643.08475.66 35 Powered by Capital Market - Live News

Torrent Power announced that the Board of Directors of the Company at its meeting held on 10 February 2026, inter alia, have recommended the Interim dividend of Rs 15 per equity Share (i.e. 150%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Torrent Power will hold a meeting of the Board of Directors of the Company on 10 February 2026.Powered by Capital Market - Live News

Torrent Power (TPL) has signed a long-term Sale and Purchase Agreement (SPA) with JERA Co., Inc. (JERA), Japan`s largest power generation company and a global leader across the LNG value chain for supply of up to 0.27 MMTPA of LNG for a period of 10 years starting from 2027. The LNG procured under this agreement will be strategically utilized by TPL, including to operate its 2,730 MW Combined Cycle Gas-Based Power Plants (GBPPs) in India to meet the country`s rising power demand, peak demand periods` support, and balancing the Renewables. It will also support the Torrent Group`s City Gas Distribution (CGD) arm � Torrent Gas Ltd.`s (TGL), growing requirement of LNG to ensure reliable supply of gas for households, commercial and industrial consumers and CNG vehicles. This agreement represents a significant strategic move, reaffirming Torrent`s commitment for clean energy, securing competitively priced LNG for long-term power generation and gas distribution, and contributes to the Government of India`s goal of increasing natural gas`s share in the energy mix to ~15% by 2030 as well as strengthening India`s energy security.Powered by Capital Market - Live News