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After tariff relief, Mundra losses would reduce by 50percent: Praveer Sinha, Tata Power

Our losses which presently are about Rs 1,600-1,700 crore in Mundra will come down by 50%. Then we will take some measures of optimising our financing cost and other operational parameters. Our eventual loss will be in the range of Rs 500 to 600 crore, Praveer Sinha, CEO & MD, Tata Power, tells ET Now.Edited excerpts: Finally it looks like tariff hike is underway for Mundra Power companies. Tell us a little bit about the entire process. What is the next step for actual tariff hike going to be?The Supreme Court directive gave eight weeks’ time to all the beneficiary states to modify the PPA and reach out to CERC so that the approval can be in place. That process has started. As a lead procurer, Gujarat has gone and issued the government orde.....

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