Tata Power offers to sell 51% stake in Mundra for Re 1
Tata Power has offered to sell 51 percent stake in its 4,000 MW Mundra power project for Re 1 to states like Gujarat, which buy electricity from it, to tide over the financial crisis facing this business.
Jun 22, 2017, 15:13 PM ISTS&P downgrades outlook on Tata Power
Rating agency Standard & Poor's (S&P) has revised downwards its outlook on Tata Power Company (TPC) to 'stable' from 'positive', citing slow progress on tariff revisions for Mundra project and delay in receiving the proceeds from the stake sale in its Indonesian coal mine.
Apr 24, 2015, 00:40 AM IST