Tata Power eyes Rs.30-bn divestment, revamp of green assets

Power Update

Tata Power eyes Rs.30-bn divestment, revamp of green assets

Tata Power eyes Rs.30-bn divestment, revamp of green assets

01 Jul 2020
Tata Power Company hopes to raise about Rs.30 bn from divestment of non-core operations and restructuring the renewable energy business with an aim to cut debt by around 40 per cent this fiscal. The company has an installed capacity of 12,742 MW. The aim is to reduce the debt to the levels of Rs.250 bn by the end of this fiscal year from Rs.440 bn, a senior company official said, as reported. 

Contact: Viddyesh Raje, Head-Key Accounts & Business Development, Tata Power.

Address: Bombay House 24, Homi Mody Street Mumbai-400 001.

Tel: 022-2282 5001.

Mobile: (0) 98337 23225.

Website: www.tatapower.com
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