Tata Power bided for three Nigeria discoms which requires investment of USD 900 Mn…

Tata Power’s Delhi Distribution arm (TPDDL) has recently bided for three (3) power distribution companies in Nigeria by forming two (2) consortiums with two leading companies of the African nation which will require investment of around USD 900 Mn (Rs. 1,560 Crore).         Details of the transaction are as follows…...

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Tata Power rating lowered to B1 by Moody’s…

Credit quality of Tata Power Company (“TPC”), on of the largest private sector power companies of India, has been downgraded by Moody’s (global credit rating agency) Investors Service from Ba3 to B1 on account of on-going issues related coal availability and pricing, bank waivers and tariff renegotiations for its Mundra Ultra Mega Power...

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