{"id":361782,"date":"2020-07-08T10:15:28","date_gmt":"2020-07-08T04:45:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=361782"},"modified":"2020-07-08T10:36:39","modified_gmt":"2020-07-08T05:06:39","slug":"tata-power-subsidiary-completes-sale-of-three-ships-for-212-76-million","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-subsidiary-completes-sale-of-three-ships-for-212-76-million\/","title":{"rendered":"Tata Power subsidiary completes sale of three ships for $212.76 million"},"content":{"rendered":"<p>Tata Power on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction for the sale of its three ships for $212.76 million (around Rs 1,592 crore).<\/p>\n<p>&#8220;Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of Tata Power has announced completion of sale of its three ships &#8212; MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH &amp; Co. KG, Germany &#8212; for a consideration of $212.76 million,&#8221; Tata Power said in a regulatory filing. <\/p>\n<p>TERPL will now cater to the shipping requirements of the company&#8217;s imported coal-based Coastal Gujarat Power Ltd (CGPL) plant at Mundra under an asset light model which will help unlock significant value and returns for the company&#8217;s shareholders, the company added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Power on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction for the sale of its three ships for $212.76 million (around Rs 1,592 crore). &#8220;Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of Tata Power has announced completion of sale of its three ships &#8212; MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH &amp; Co. KG, Germany &#8212; for a consideration of $212.76 million,&#8221; Tata Power said in a regulatory filing. TERPL will now cater to the shipping requirements of the company&#8217;s imported coal-based Coastal Gujarat Power Ltd [&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-361782","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\/361782","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=361782"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361782\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=361782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=361782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=361782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}