{"id":387651,"date":"2020-12-04T08:37:41","date_gmt":"2020-12-04T03:07:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=387651"},"modified":"2020-12-04T09:38:17","modified_gmt":"2020-12-04T04:08:17","slug":"tata-power-fully-repays-mundra-units-bank-loans-worth-rs-4150-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-fully-repays-mundra-units-bank-loans-worth-rs-4150-cr\/","title":{"rendered":"Tata Power fully repays Mundra unit&#8217;s bank loans worth Rs 4,150 cr"},"content":{"rendered":"<p>Tata Power on Thursday said its Mundra subsidiary has made the second tranche of repayment for its bank loans. With this, the company said, all of the unit\u2019s bank loans have been fully repaid. <\/p>\n<p>In a statement to the BSE, Tata Power said Coastal Gujarat Power (CGPL), a wholly owned subsidiary of the firm, repaid Rs 1,550 crore of bank loans on Wednesday. CGPL houses Tata Power\u2019s Mundra ultra-mega power project, based in Gujarat. <\/p>\n<p>\u201cThis action is in line with the company&#8217;s stated objective of repaying debt in CGPL to reduce the periodic debt servicing obligations of CGPL and thus making its operations more self-sustainable.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Power on Thursday said its Mundra subsidiary has made the second tranche of repayment for its bank loans. With this, the company said, all of the unit\u2019s bank loans have been fully repaid. In a statement to the BSE, Tata Power said Coastal Gujarat Power (CGPL), a wholly owned subsidiary of the firm, repaid Rs 1,550 crore of bank loans on Wednesday. CGPL houses Tata Power\u2019s Mundra ultra-mega power project, based in Gujarat. \u201cThis action is in line with the company&#8217;s stated objective of repaying debt in CGPL to reduce the periodic debt servicing obligations of CGPL and thus [&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-387651","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\/387651","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=387651"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387651\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=387651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=387651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=387651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}