Torrent Power buys L&T’s Punjab plant in Rs 7,000 crore deal
MUMBAI: Torrent Power is buying L&T’s coal-fired power plant in Punjab in a Rs 6,889-crore enterprise value deal, marking its entry into northern India’s fast-growing power market. The acquisition includes Rs 3,661 crore in upfront cash, while Torrent will also take on Rs 3,228 crore of Nabha Power’s debt.Nabha Power runs a 1,400MW thermal plant…