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No clarity on resolution for Mundra plant issue: Tata Power chairman N Chandrasekaran

Tata Power Chairman N Chandrasekaran on Thursday said despite extended talks with five states, the company has no clarity on resolution for issues at its Mundra plant. The firm's subsidiary Coastal Gujarat Power (CGPL), which operates a 4,000 MW imported coal based plant, has been in talks with discoms of Gujarat, Haryana, Rajasthan, Punjab and Maharashtra for pass through of higher coal prices.In his address to the shareholders during Tata Power's virtual annual general meeting, Chandrasekaran said the company is currently grappling with a few issues and is taking steps to resolve them."...CGPL at Mundra continues to be a drag on the financials and will likely require further support. While a number of discussions have happened with the fi.....

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