Torrent Power Limited — JV/Acquisition, 23-09-2025: Acquisition

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