Tata Power Executive Director S. Ramakrishnan reportedly said that the company was "mentally and financially" prepared to sustain Mundra's losses.
Tata Power is planning to sell some investments and raise equity to help reduce debt, accoridng to reports.
Tata Power Executive Director S. Ramakrishnan reportedly said that the company was "mentally and financially" prepared to sustain Mundra's losses.
Last Month, Standard & Poor's lowered Tata Power's long-term credit rating on weak cash flows.
The debt was Rs382.1 bn as of the end of June, company said.
Tata Power is planning to sell some investments and raise equity to help reduce debt, accoridng to reports.
Tata Power Executive Director S. Ramakrishnan reportedly said that the company was "mentally and financially" prepared to sustain Mundra's losses.
Last Month, Standard & Poor's lowered Tata Power's long-term credit rating on weak cash flows.
The debt was Rs382.1 bn as of the end of June, company said.
No comments:
Post a Comment