Archive · 24 Jul 2025
Torrent Power in Talks to Buy L&T's Power Unit
Torrent Power is looking to buy the power unit of L&T for about $1 billion.
L&T wants to sell this part of its business to focus on building things.
They had also talked about merging the power unit with another company's Indian business in 2021.
The news about this possible deal was first shared by Bloomberg News.
Torrent Power is reportedly in talks to acquire L&T's power unit.
The potential deal is valued at approximately $1 billion.
L&T is considering selling its thermal unit to concentrate on its core engineering and construction business.
In 2021, L&T explored merging the asset with Sembcorp Industries Ltd.'s Indian arm.
The information was initially reported by Bloomberg News.
- Who
- Torrent Power and Larsen & Toubro (L&T).
- What
- Torrent Power is in talks to potentially purchase L&T's power unit.
- When
- No specific timeframe is given, but talks are ongoing.
- Where
- No specific location is mentioned.
- Why
- L&T is considering the sale to concentrate on its core engineering and construction business.
- Companies Involved
- Torrent Power, Larsen & Toubro (L&T)
- Potential Deal Value
- $1 billion
- L&T's Intention
- To focus on core engineering and construction
- Previous Consideration
- Merger with Sembcorp Industries Ltd. (2021)