February 16, 2026February 16, 2026 Larsen & Toubro Limited’s wholly owned arm, L&T Power Development Limited, has signed a securities purchase agreement (SPA) to divest Nabha Power Limited (NPL) to Torrent Power Limited for Rs 3,660.9 crore. In a regulatory filing dated 16 February, L&T confirmed that the transaction…
Markets exhibited high volatility on the monthly expiry day but managed to extend its winning streak for the third consecutive session. In today’s trade, shares of Nestle, Vedanta, L&T, Motilal Oswal, Greenlam Industries among others will be in focus due to various news developments and third quarter results. Nestle India, IndusInd Bank, Sun Pharma, ONGC,…
Shares of Torrent Power today surged 9% to its fresh 52-week high of Rs 1,983.70 on the BSE after announcing that it has signed 2 letters of award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 2,000 Megawatt (MW) Energy Storage Capacity.“Torrent Power Limited, one of the leading private sector…
Benchmark stock indices Sensex and Nifty hit fresh lifetime intraday highs before closing lower on Wednesday, ahead of the US Fed’s decision on interest rates. Stocks that were in focus included TCS, which fell 3.5%; Torrent Power, which gained 8.48%; and Mphasis, whose shares declined 6% on Wednesday. TCS After making lows around Rs 3,583…