Tata Power to sell non-core assets, improve efficiencies to offset Mundra impact

Power producer Tata Power Co. Ltd plans to sell non-core investments and improve efficiencies to counter the impact of the Supreme Court ruling that disallowed it to charge higher tariff from its Mundra plant.The company made this disclosure in an analysts call on Monday, days after the Supreme Court denied it compensatory tariff on account of expensive Indonesian coal.Tata Power does not expect any impact on its credit rating from the court order and expects business to be as usual, said an analyst, asking not to be named as he is not authorised to speak to reporters.In a major setback to Tata Power and Adani Power Ltd earlier this month, the Supreme Court denied award of compensation on account of expensive Indonesian coal, setting aside .....