Torrent Power Limited
Case brief
What is this about?
The Competition Commission of India approved the proposed acquisition of Nabha Power Limited by Torrent Power Limited under Section 31(1) of the Competition Act, 2002, finding no likely appreciable adverse effect on competition in relevant Indian markets.
What did the court decide?
The Proposed Combination is approved under Section 31(1) of the Act.
What the court decided
COMPETITION COMMISSION OF INDIA
Combination Registration No C-2026/02/1386
07th April 2026
Notice under Section 6(2) of the Competition Act, 2002 given by Torrent Power Limited
CORAM:
Ms. Ravneet Kaur Chairperson Mr. Anil Agrawal Member
Ms. Sweta Kakkad Member
Mr. Deepak Anurag Member
Order under Section 31(1) of the Competition Act, 2002
- On 18th February 2026, the Competition Commission of India ( Commission ) received a notice ( Notice ), under sub-section (2) of Section 6 of the Competition Act, 2002 ( Act ), given by Torrent Power Limited ( Acquirer ). The Notice was filed pursuant to the execution of the Securities Purchase Agreement ( SPA ) dated 16th February 2026 among the Acquirer, Nabha Power Limited ( Target ), Larsen & Toubro Limited and L&T Power Development Ltd. ( Seller ).
Issues for consideration
3 issues framed by the court
Whether the proposed combination between Torrent Power Limited and Nabha Power Limited is likely to cause appreciable adverse effect on competition in India.
Whether the Commission must approve the combination under Section 31(1) of the Competition Act, 2002.
How the potential horizontal and vertical linkages should be assessed in the power sector.
Parties & counsel
- applicant
Torrent Power Limited
Coram
Ravneet Kaur
Anil Agrawal
Sweta Kakkad
Case details
As recorded by the court registry
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