June 23, 2017 / 10:29 AM / 2 months ago

BRIEF-Tata Power says no decision has been taken regarding Mundra UMPP

June 23 (Reuters) - Tata Power Company Ltd:

* Clarifies on news item "Tata Power proposes to sell 51 pct equity in loss-making Mundra UMPP at Re 1"

* Says Coastal Gujarat Power Ltd approached CERC, Aptel, Supreme Court to find resolution to under recovery of fuel costs

* Following Supreme Court's decision, co has again approached procuring states to arrive at an alternate solution

* Says co suggested few options, one amongst which is possible acquisition of majority stake by procurers to facilitate relief

* Says no decision has been taken or arrived at regarding Mundra UMPP

* Government facilitated meeting of all such affected projects and the matter is still under discussion

* Says no material impact at this stage since no decision has been taken Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below