{"id":357114,"date":"2020-06-13T10:22:18","date_gmt":"2020-06-13T04:52:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=357114"},"modified":"2020-06-13T10:42:51","modified_gmt":"2020-06-13T05:12:51","slug":"tata-power-sells-shipping-assets-for-212-76-mn-as-it-seeks-to-pare-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-sells-shipping-assets-for-212-76-mn-as-it-seeks-to-pare-debt\/","title":{"rendered":"Tata Power sells shipping assets for $212.76 mn as it seeks to pare debt"},"content":{"rendered":"<p>Private power producer Tata Power on Friday said it has entered into a definitive agreement for the sale of its three capsize ships, part of its shipping business, for a consideration of $212.76 million. <\/p>\n<p>The company said, sale of these assets, is part of the company\u2019s long-term plan to reduce debt and raise funds for future growth plans. Tata Power\u2019s net debt as of March 2020 was at Rs 43,578 crore. <\/p>\n<p>\u201cTrust Energy Resources (TERPL), a wholly-owned subsidiary of Tata Power has completed signing of definitive agreements on June 11, 2020 with Oldendorff Carriers GmbH &amp; Co KG, Germany,\u201d the company said in its statement to BSE.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Private power producer Tata Power on Friday said it has entered into a definitive agreement for the sale of its three capsize ships, part of its shipping business, for a consideration of $212.76 million. The company said, sale of these assets, is part of the company\u2019s long-term plan to reduce debt and raise funds for future growth plans. Tata Power\u2019s net debt as of March 2020 was at Rs 43,578 crore. \u201cTrust Energy Resources (TERPL), a wholly-owned subsidiary of Tata Power has completed signing of definitive agreements on June 11, 2020 with Oldendorff Carriers GmbH &amp; Co KG, Germany,\u201d the [&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-357114","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\/357114","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=357114"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357114\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=357114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=357114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=357114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}