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Tata Power in talks with lenders’ consortium to refinance Mundra UMPP loans

12 Jun 2015 Evaluate

Tata Power is in talks with lenders’ consortium to refinance loans extended to 4,000-MW Mundra ultra mega power project (UMPP) in Gujarat. The Mundra project is being implemented by Coastal Gujarat Power (CGPL), a wholly-owned subsidiary of Tata Power. Under the 5/25 scheme, banks can extend loan repayment for a period up to 25 years, with an option of refinancing the loan every five years.

Tata Power is India's largest integrated power company with a significant international presence. The Company has an installed generation capacity of 8747 MW in India and a presence in all the segments of the power sector viz Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.

Peers
Company Name CMP
NTPC 309.30
Tata Power 335.50
Adani Power 188.00
Power Grid Corpn. 245.40
Adani Energy Solut. 1252.95
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