{"id":357110,"date":"2020-06-13T10:46:14","date_gmt":"2020-06-13T05:16:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=357110"},"modified":"2020-06-13T10:46:14","modified_gmt":"2020-06-13T05:16:14","slug":"tata-power-to-sell-3-ships-to-german-company-for-212-million","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-to-sell-3-ships-to-german-company-for-212-million\/","title":{"rendered":"Tata Power to sell 3 ships to German company for $212 million"},"content":{"rendered":"<p>MUMBAI: Singapore-based Trust Energy Resources Pte Ltd (TERPL), a fully-owned subsidiary of Tata Power Company Ltd (TPCL), will sell three ships to German company Oldendorff Carriers GmbH &amp; Co. KG for an estimated cost of $212.76 million.<\/p>\n<p>The sale of the three ships &#8212; MV Trust Agility, MV Trust Integrity and MV Trust Amity &#8212; currently owned by TERPL is expected to be concluded in the next three to four weeks and is subject to necessary regulatory approvals, the company said in a release.<\/p>\n<p>Tata Power had said in the past that it plans to pursue an asset-light model for the company\u2019s shipping requirements and the sale proceeds will be used towards reducing the debt as part of the overall restructuring plan of the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Singapore-based Trust Energy Resources Pte Ltd (TERPL), a fully-owned subsidiary of Tata Power Company Ltd (TPCL), will sell three ships to German company Oldendorff Carriers GmbH &amp; Co. KG for an estimated cost of $212.76 million. The sale of the three ships &#8212; MV Trust Agility, MV Trust Integrity and MV Trust Amity &#8212; currently owned by TERPL is expected to be concluded in the next three to four weeks and is subject to necessary regulatory approvals, the company said in a release. Tata Power had said in the past that it plans to pursue an asset-light model for [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-357110","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357110","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=357110"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357110\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=357110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=357110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=357110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}