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