Torrent Power acquires land-holding firms for thermal power project
Torrent Power Limited has completed the acquisition of two companies owning land earmarked for a thermal power project in Madhya Pradesh. The company purchased 100 per cent of Newzone Power Projects Private Limited (NZPPPL) and 49 per cent of Newzone India Private Limited (NZIPL) from the Sarawagi Family and related Hindu Undivided Families. The total deal value was Rs 211 crore. The share transfers were executed on 23 September 2025. Before the transaction, NZPPPL held…
