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Why A Renewables InvIT Is Critical For Tata Power’s Plan To Pare Debt
One key milestone for the planned deleveraging has missed the deadline.
23 Apr 2021, 08:03 AM IST
As shares of Tata Power Company Ltd. rose, tracking the equity rebound from pandemic-driven lows, investors also bet on the company’s plan to pare debt. But one key milestone for the planned deleveraging has missed the deadline.The power generator planned to hive off its renewables portfolio into an infrastructure investment trust. The InvIT transaction would have slashed its Rs 42,454 crore gross debt by more than a fourth.The bindi...
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