Torrent Power Ltd

Torrent Power Expands Capacity with ₹6,889 Crore Acquisition ⚡📈

• Acquired Nabha Power Ltd for ₹6,889 crore, expanding into northern Indian power market

• Operational capacity increases from 5 GW to 6.4 GW

• Net debt to EBITDA ratio improved to 1.4 times (from 2.2 times previous year)

• EBITDA increased to ₹5,436 crore

• Planned capital expenditure of ₹65,000 crore from fiscal 2026 to 2032

• Net leverage expected to peak above 4.0 times in fiscals 2029-2030 before moderating

• 1,200 MW Dahej plant operates without long-term PPAs, accounting for 24% of capacity

• Liquidity remains strong with cash balance of ₹2,723 crore as of December 31, 2025