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Tata Power gets nod to sell its defense business to Tata Advance Systems

30 Mar 2018 Evaluate

Tata Power’s board has approved the sale of its Defense business to Tata Advance Systems, a wholly owned subsidiary of Tata Sons at an enterprise value of Rs 2,230 crore (out of which Rs 1,040 crore payable at the time of closing and Rs 1,190 crore payable on achieving certain milestones), subject to Government & other approvals. This is as part of the company’s plan to monetize its non-core assets and improve the balance sheet. This will be subject to Shareholders approval.

Tata Power is India’s largest integrated power company with a growing international presence. The Company together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 10757 MW and a presence in all the segments of the power sector.

Tata Power Share Price

432.00 -4.00 (-0.92%)
11-May-2026 10:02 View Price Chart
Peers
Company Name CMP
NTPC 403.95
Tata Power 432.00
Adani Power 220.80
Power Grid Corp 311.70
Torrent Power 1696.85
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