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Tata Power to sell some overseas assets, may raise up to Rs 2.5K crore

According to sources, the company is in talks to sell its stake in its joint venture Baramulti Suksessarana coal mine in Indonesia this current year

Tata Power
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Dev Chatterjee Mumbai

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Tata Power is planning to raise up to Rs 2,500 crore by selling some of its assets overseas, including hydro assets in Zambia, and two coal mines in Indonesia.

The firm would also receive an additional Rs 1,200 crore from the sale of the strategic engineering division’s assets in the next two years, according to banking sources. The proceeds of the sale will be used to invest in the company's ambitious renewable energy projects which is looking to produce 20 gigawatt (Gw) of electricity by 2027.

According to sources, the company is in talks to sell its stake in

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First Published: Jun 22 2023 | 8:17 PM IST

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