{"id":288605,"date":"2019-08-26T05:08:45","date_gmt":"2019-08-26T05:08:45","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=288605"},"modified":"2019-08-26T05:13:00","modified_gmt":"2019-08-26T05:13:00","slug":"tata-powers-liquidation-of-non-core-assets-to-gain-steam-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-powers-liquidation-of-non-core-assets-to-gain-steam-report\/","title":{"rendered":"Tata Power&#8217;s liquidation of non-core assets to gain steam: Report"},"content":{"rendered":"<p>The liquidation of Tata Power&#8217;s non-core assets is expected to pick up pace during H2 of FY20 leading to a partial repayment of non-core debt. <\/p>\n<p>The monetisation of non-core assets is also set to spur an earnings growth of 28 per cent CAGR (compounded annual growth rate) over FY20-21 with an underlying Ebitda (earnings before interest, taxes depreciation and amortisation) of Rs 10,000 crore growing at five per cent CAGR, a research report by ICICI Securities said. <\/p>\n<p>For Tata Power, paring non-core debt is its core focus. As per the estimates of ICICI Securities, out of the the company&#8217;s total debt of Rs 48,900 crore, Rs 11,500 crore is categorised as non-core relating to funding losses of Coastal Gujarat Power Ltd (CGPL), the special purpose vehicle formed for the now distressed 4,000-Mw ultra mega power plant (UMPP) at Mundra and also the premium paid for Welspun acquisition.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The liquidation of Tata Power&#8217;s non-core assets is expected to pick up pace during H2 of FY20 leading to a partial repayment of non-core debt. The monetisation of non-core assets is also set to spur an earnings growth of 28 per cent CAGR (compounded annual growth rate) over FY20-21 with an underlying Ebitda (earnings before interest, taxes depreciation and amortisation) of Rs 10,000 crore growing at five per cent CAGR, a research report by ICICI Securities said. For Tata Power, paring non-core debt is its core focus. As per the estimates of ICICI Securities, out of the the company&#8217;s total [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-288605","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/288605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=288605"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/288605\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=288605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=288605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=288605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}