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Torrent in talks to buy L&T's power unit for $1 billion
Business Standard
|July 25, 2025
Torrent Power is in talks to buy the thermal business unit of Larsen & Toubro Ltd for about $1 billion, including debt, according to people with knowledge of the matter.
Both companies are working with advisers on the potential transaction, the people said, asking not to be identified because the deliberations are private. A disposal would help L&T raise cash to reduce its debt, the people said.
This story is from the July 25, 2025 edition of Business Standard.
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