Tata Power gets the ball rolling on monetising non-core assets

This deals would, however, give Rs 43.85 bn against Tata Power's consolidated debt of Rs 489.82 bn

Even as its Mundra Ultra Mega Power Project (UMPP)’s fate hangs fire, private power producer Tata Power gets the ball rolling on monetizing non-core assets. Analysts see the three deals announced in March as a step in the right direction and a small relief on its debt profile even though Mundra concerns continue to loom. 

In March alone, Tata Power announced multiple sale deals to the tune of Rs 43.85 billion. On March 29, it said it would sell its defence business to Tata Sons’ subsidiary Tata Advance Systems for an enterprise value of Rs 22.30 billion. The company on March