Tata Power welcomes Gujarat’s decision to pass through imported coal cost


Tata Power welcomes Gujarat’s decision to pass through imported coal cost

Tata Power has welcomed the resolution by the government of Gujarat to accept the recommendations of the high power committee in giving relief to Mundra Ultra Mega Power Project that meets nearly 15 per cent of the state’s requirement.

“Though the coal cost is now a pass through, the Company would continue to make losses due to rebate on financing cost and coal mines profit is being passed on to the beneficiary states,” the company said in a statement.

The company said the move will help Coastal Gujarat Power Ltd to continue its operations to meet its obligations to all five states. Read More

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