JV/AcquisitionAcquisition

Torrent Power has acquired Newzone India Private Limited (NZIPL) and its holding company, Newzone Power Projects Private Limited (NZPPPL), for ₹211 Cr.

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Torrent Power LimitedTORNTPOWER · Filed with the exchange

This deal grants Torrent 100% control of both entities.

NZIPL holds approximately 922 acres of land in Annupur District, Madhya Pradesh, which is suitable for a coal-based power plant.

This acquisition strategically secures crucial land for Torrent Power's future thermal power project, enabling expansion of its generation capacity and geographic footprint.

This move solidifies its long-term growth pipeline.

Read the original filing(PDF)

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