Support: +91-22-61011756 / help@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

Tata Power enters definitive agreements for sale of ships

Friday, 12 Jun 2020
Share this on :
Tata Power’s Singapore arm Trust Energy Resources has entered into definitive agreements with Oldendorff Carriers for the sale of three ships at an estimated consideration of USD 212.76 million.

The sale is part of the Tata Group utility's strategy to divest non-core operations to pare debt and become asset light.

The sale of shipping assets announced is in line with the company’s long term plans to reduce debt and raise funds to invest in future growth plans, including expanding its presence in the renewable energy business.

The sale is also part of the restructuring within Tata Power to chalk out the roadmap for growth over the next decade.

Tata Power Company hopes to raise about Rs 3,000 crore from divestment of non-core operations and restructure the renewable energy business with an aim to cut debt by at around 40 percent to Rs 25,000 crore in FY21.

The sale of the three ships owned by Tata Power arm Trust Energy Resources includes MV Trust Agility, MV Trust Integrity and MV Trust Amity and is likely to be concluded in the next three to four weeks and subject to necessary regulatory approvals.

 
Post Your Comments
 
 
   
 

 

 
  
Sign up to start your free trial

Are you...



REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services