The Exchange had sought clarification from Tata Power Company with respect to news article appearing in The Financial Express on June 10, 2015 titled ‘Tata Power too plugs into 5/25 scheme, near deal for Rs 10,000cr refinance’. Tata Power Company replied stating that they are in discussions with the Lenders consortium to refinance the loans of Coastal Gujarat Power by extending the tenure of loan repayments for refinancing project loans. The final approvals are yet to be obtained from lenders.
The above information is a part of company’s filings submitted to BSE.