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Epic Research
Tata Power Co Ltd said it had agreed to sell its 30 percent stake in coal mining firm PT Arutmin Indonesia to Indonesia’s Bakrie Group for $500 million.
Tata Power, part of India’s largest conglomerate the Tata Group, said the sale would go to increase its cash flow and reduce its consolidated debt, without affecting coal supply to its plants.
Tata Power, part of India’s largest conglomerate the Tata Group, said the sale would go to increase its cash flow and reduce its consolidated debt, without affecting coal supply to its plants.