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Tata Power's arm signs definitive agreements with Oldendorff Carriers

12 Jun 2020 Evaluate

Tata Power Company’s wholly owned subsidiary -- Trust Energy Resources Pte (TERPL), has completed signing of definitive agreements with Oldendorff Carriers GmbH & Co. KG, Germany for the sale of three capesize ships at a consideration of $212.76 million. The transaction also includes a long-term freight contract with Oldendorff Carriers.

Tata Power Company is India’s largest integrated power company with a growing international presence.

Peers
Company Name CMP
NTPC 329.35
Tata Power 368.30
Adani Power 205.00
Power Grid Corpn. 263.50
Adani Energy Solut. 1382.00
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