In a bid to bolster its cash flows and placate creditors of its beleaguered Mundra project, Tata Power Co. Ltd plans to transfer three quarters of its stake in Indonesian coal mines to a subsidiary that is setting up the 4000 megawatts (MW) plant.

Mumbai: In a bid to bolster its cash flows and placate creditors of its beleaguered Mundra project, Tata Power Co. Ltd plans to transfer three quarters of its stake in Indonesian coal mines to a subsidiary that is setting up the 4000 megawatts (MW) ...

CGPL is setting up a 4000 MW plant in Mundra. Lenders have given the project 14000 crores in loans- but are not convinced the company has enough cash flow at the moment to service that debt. Back in 2007, Tata Power had bought 30% stakes in two ...

With the prolific 'Jeeti' providing the music, ' Saini Surinder' returns after providing a number of musical highlights over the last 12 months including; 'Bhangra', 'Mundra', 'Get Funky' & 'Rangeeleh'. Saini Surinder has fast become a household name ...

One, the company wrote down the value of its Mundra power project by INR 815 crore to account for higher costs due to rupee depreciation. Two, it decided to account for stripping cost (the cost of preparing a mine) when incurred.

Maithon and Mundra power projects are key drivers of FY13 profits. Maithon will be fully operational in FY13 to contribute 16% to net income. The company is trading at a discount to its assets, so any revision in Mundra tariffs will be a re-rating ...

Mundra port has emerged as the 4th largest commercial port in India. Successfully completed re-financing of $2 billion for Abbot Point Coal Terminal in Australia. Received letter of intent to set up a dry bulk terminal at Kandla Port.

Rupee depreciation, leading to higher projected costs, resulted in the company writing down the value of its Mundra power project by Rs 815 crore. Tata Power changed its exchange rate assumptions on costs from Rs 42/dollar to Rs 45.5 a dollar over the ...