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Tata Power’s arm inks agreement with Trust Energy Resources

26 Mar 2019 Evaluate

Tata Power Company’s wholly owned subsidiary -- Coastal Gujarat Power (CGPL) has signed a Share Purchase Agreement (SPA) with Trust Energy Resources (TERPL), another wholly owned subsidiary of the Company to sell its 100% equity stake in Energy Eastern (EEPL) a wholly owned subsidiary of CGPL.

Tata Power Company is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.

Peers
Company Name CMP
NTPC 327.60
Tata Power 367.00
Adani Power 206.35
Power Grid Corpn. 264.15
Adani Energy Solut. 1409.40
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