The Hindu Business Line : Tata Power to sell two generation units to ACC

TATA Power Company on Thursday said it will sell two of its power generation units at Wadi, Karnataka, to Associated Cement Company Ltd for Rs 238 crore.

TPC will seek the shareholders' approval for the sale through postal ballot, the company told the stock exchanges. The two units with a combined capacity of 75 MW will now be used as captive generation units by ACC, a Tata Power official said.

Tata Power said result of the shareholders vote will be announced November 4.

More Stories on : Mergers & Acquisitions | Power | Cement

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Wockhardt sells UK plant; to invest £1 m in Wales unit

Cos Bill will be user-friendly, assures Govt — Panel to study Concept Paper

Ma Foi opens career-training academy

VSP chief's plea to workers

Barclays Capital to underwrite Rs 2,400-cr Essar Steel debt

Tata Power to sell two generation units to ACC

Base corporate governance on principles: Adi Godrej

Reuters bets big on Bangalore unit

Cosmos Builders seeks Rs 15 cr from PNB for mall project

Decision deferred on changes in Press Note 18

`Akzo Nobel to enter emerging markets'

Taj Bengal sees more room for growth

Ashok Leyland Sept production hit due to strike

Realty, the new financial instrument in making