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Tatas may have to set aside more for Singur

May have to make fresh provisions, in the wake of the recent apex court verdict on land acquisition process for its Nano

Residents of Singur rejoice in the aftermath of SC's verdict
Residents of Singur rejoice in the aftermath of SC’s verdict

Tata Motors may have to make fresh provisions on account of Singur, in the wake of the recent Supreme Court (SC) verdict on the land acquisition process for its Nano project in 2006. Tata Motors’ latest annual report said during FY15, it made a provision for carrying capital cost of buildings at Singur, which amounted to Rs 309.9 crore. The figure, however, excluded other assets (including electrical installations, etc.) and expenses written off/provided in earlier years, security expenses, lease rent and claim for interest on the whole amount. A petition filed by ...