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Upbeat on renewable portfolio; contained under-recoveries at Mundra: Tata Power

Anil Sardana, CEO & MD, Tata Power spoke to CNBC-TV18 from the sidelines of the ambit India access conference underway in Singapore on the company's second quarter performance and the business outlook going forward.Talking about the stake sale of Mundra Plant to GUVNL, he said the proposal was from the lenders and they are in talks with procurers to sell stake in the plant. He said the sale process will take time because the procurers are keen to get competitive power, and so they are engaged into discussion to ensure every stake holders take some kind of a haircut and they get a competitive tariff.We are hopeful that the lenders will continue to bring all the parties together for Mundra stake sale. We have also been participating in all th.....

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