Motilal Oswal: Tata Power Planning For An Asset-Light And Consumer-Facing Model

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.We attended the analyst meet hosted by Tata Power Company Ltd. on August 19, 2020. Here are the key takeaways:Tata Power highlighted its focus on addressing legacy issues with regard to: 1) deleveraging and 2) the self-sustenance of Mundra plant.Over the past few months, the company’s deleveraging process has been accelerated with the: 1) sale of Cennergi, 2) sale of shipping companies, and 3) preferential issue to Tata Sons.The company plans to continue with its asset monetisation plans by exiting non-core assets and infrastructure investment trust for renewables. The company expects the InvIT transaction to be completed this year.Tata Power plans to reduce net debt to Rs 250 billion by the end of FY21 and sustain it at these levels.The company plans to simplify its holding structure and generate synergies from the merger of Coastal Gujarat Power Ltd., Tata Power Solar, and Af-Taab Investment Company Ltd. with Tata Power.The process for the same requires the National Company Law Tribunal’s approval (which could take four to 12 months)..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Motilal Oswal: Tata Power Planning For An Asset-Light And Consumer-Facing Model

Motilal Oswal: Tata Power Planning For An Asset-Light And Consumer-Facing Model

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