Torrent Power valuation is pricey, but Nabha deal to fuel growth
Torrent Power Ltd continues to scale its coal-based portfolio. The recent acquisition of Nabha Power Ltd, a subsidiary of Larsen & Toubro Ltd, comes at a time when other power producers are also increasing their coal-based capacities to meet rising electricity demand. The transaction was at an enterprise value of ₹6,889 crore and included ₹2,733…