Archive · 24 Jul 2025
Torrent Power in Talks to Acquire L&T's Thermal Unit
Imagine a company called Torrent Power wants to buy a part of another company, L&T, that deals with making electricity.
This part of L&T is called the thermal business unit.
The deal could cost about $1 billion.
L&T wants to sell this part to get money and pay off some of its debts.
Both companies are talking about it, but nothing is final.
Torrent Power does lots of things with electricity, like making it and delivering it to homes.
Torrent Power is in talks to acquire Larsen & Toubro's thermal business unit.
The potential deal is valued at approximately $1 billion, including debt.
L&T is considering the sale to raise cash and reduce debt.
Deliberations are ongoing, and the deal's details may change.
Torrent Power offers various power-related services, including generation and distribution.
- Who
- Torrent Power and Larsen & Toubro.
- What
- Torrent Power is in talks to buy Larsen & Toubro's thermal business unit.
- When
- Talks are ongoing as of July 24, 2025.
- Where
- Mumbai (where Torrent Power shares have dropped).
- Why
- L&T aims to raise cash and reduce debt.
- Companies Involved
- Torrent Power and Larsen & Toubro
- Deal Value
- ~$1 billion
- L&T's Goal
- Raise cash, reduce debt
- Torrent Power Services
- Power generation, transmission, distribution
- Torrent Power's Market Value
- ~$8 billion