Deal Final! Ab Torrent Power aur Bhi Powerfull
So, jaisa expect kiya tha, CCI ne Torrent Power ki Nabha Power Ltd ko ₹6,889 crore mein acquire karne wali deal par apni mohar laga di hai. Is approval ke baad, Torrent Power ki total generation capacity 5 GW se badh kar ab seedha 6.4 GW ho gayi hai. Company ke shares April 2026 mein lagbhag ₹1,379 par trade kar rahe the, jiska P/E ratio 22x ke aas-paas tha. Yeh company ke expansion plans ko dikhata hai.
Nabha Power Ki Power Aur India Ka Future
Nabha Power ka Rajpura, Punjab mein jo 1400 MW ka thermal plant hai na, woh kafi solid asset hai. FY25 mein isne ₹4,866 crore ka revenue aur ₹1,153 crore ka adjusted EBITDA kamaya, aur plant availability 95.36% thi. India jab renewable energy ki taraf badh raha hai, tab bhi thermal power ka role stability ke liye important hai. Draft National Electricity Policy 2026 bhi keh rahi hai ki thermal power ko storage ke saath jodna chahiye. Larsen & Toubro ne Nabha Power ko bech kar sector mein consolidation ki trend dikhai hai.
Thermal Power Ka Future Kya Hai?
Abhi India mein renewable energy bahut tezi se badh rahi hai, toh thermal power ka future thoda complex hai. Lekin Nabha Power ke paas Punjab State Power Corporation Limited (PSPCL) ke saath long-term power purchase agreement hai aur Coal India se fuel supply agreements bhi hain. Halanki, industry trends dikhate hain ki thermal plants ko zyada flexible rehna padega renewables ko support karne ke liye. Government bhi SO2 emission norms ko relax kar rahi hai thermal plants ke liye, taaki woh transition mein help kar sakein. Lekin phir bhi, pollution aur cleaner energy ki taraf pressure toh rahega hi.
Analysts Kya Kehte Hain?
Analysts Torrent Power ko le kar thode optimistic hain, average rating 'Hold' hai. Unka target price ₹1,400 se ₹1,430 ke beech hai, matlab thoda upar jaane ki sambhavna hai. Company ne apne Q4 FY25 earnings call mein bataya tha ki unka distribution business achha perform kar raha hai, par merchant power aur LNG sales fuel prices ki wajah se mushkil mein the. FY26 mein company distribution aur transmission mein kaafi paisa lagane wali hai.