No clarity on resolution for CGPL's Mundra plant issue: Chandrasekaran

CGPL has inked pacts to supply 1,805 MW to Gujarat, 760 MW to Maharashtra, 475 MW to Punjab, and 380 MW each to Rajasthan and Haryana

Tata Power Chairman N Chandrasekaran on Thursday said despite extended talks with five states, the company has no clarity on resolution for issues at its Mundra plant.

The firm's subsidiary Coastal Gujarat Power (CGPL), which operates a 4,000 MW imported coal-based plant, has been in talks with discoms of Gujarat, Haryana, Rajasthan, Punjab and Maharashtra for pass-through of higher coal prices.

In his address to the shareholders during Tata Power's virtual annual general meeting, Chandrasekaran said the company is currently grappling with a few issues and is taking steps to resolve them.

"...CGPL at Mundra continues to be a drag