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Article Date Headline / Summary Publication Edition Page No. Journalist
Wires
7 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for USD 212.76 million
PTI Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
UNI Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
ANI Online Web NA Bureau
Financial
8 Jul 2020 Singapore Arm Completes
Sale of Three Ships
The Economic
Times
Mumbai 8 Bureau
8 Jul 2020 Singapore Arm Completes
Sale of Three Ships
The Economic
Times
New Delhi 8 Bureau
8 Jul 2020 Singapore Arm Completes
Sale of Three Ships
The Economic
Times
Bangalore 8 Bureau
8 Jul 2020 Singapore Arm Completes
Sale of Three Ships
The Economic
Times
Kolkata 6 Bureau
8 Jul 2020 Singapore Arm Completes
Sale of Three Ships
The Economic
Times
Chennai 6 Bureau
8 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for $212.76 million
Mint Mumbai 3 PTI
8 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for $212.76 million
Mint Bangalore 3 PTI
8 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for $212.76 million
Mint Kolkata 3 PTI
8 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for $212.76 million
Mint Hyderabad 3 PTI
8 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for $212.76 million
Mint Chennai 3 PTI
8 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for $212.76 million
Mint Ahmedabad 3 PTI
8 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for $212.76 million
Mint New Delhi 3 PTI
Page 2 of 108.
8 Jul 2020 Tata Power unit sells 3
ships for $212.76 m
The Financial
Express
New Delhi 20 PTI
Mainlines
8 Jul 2020 Tata Power arm sell 3 ships
for $212.76 million
The Asian Age New Delhi 7 Bureau
8 Jul 2020 Tata Power arm sell 3 ships
for $212.76 million
Deccan
Chronicle
Hyderabad 7 Bureau
8 Jul 2020 Tata Power arm sell 3 ships
for $212.76 million
Deccan
Chronicle
Chennai 7 Bureau
8 Jul 2020 Tata Power subsidiary
completes sale of three
ships for $ 212.76 million
Millennium Post New Delhi 10 Bureau
8 Jul 2020 Tata Power subsidiary
completes sale of three
ships for $ 212.76 million
Millennium Post Kolkata 10 Bureau
Regional
8 Jul 2020 Tata Power subsidiary sold
three ships
Business
Standard (Hindi)
New Delhi 11 PTI
8 Jul 2020 Tata Power subsidiary sold
three ships
Veer Arjun
(Hindi)
New Delhi 11 PTI
Online
8 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for $ 212.76 million
The Economic
Times
Online Web NA Bureau
7 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for USD 212.76 million
ET Energyworld Online Web NA Bureau
8 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for $212.76 million
The Hindu
Business Line
Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
of three ships for $213 mln
Business
Standard
Online Web NA Bureau
7 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for $212.76 million
The Financial
Express
Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for USD
212.76 million
The New Indian
Express
Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Lokmat Online Web NA Bureau
Page 3 of 108.
7 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for $212.76 million
Moneycontrol Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Business World Online Web NA Bureau
7 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for USD 212.76 million
Outlook Online Web NA Bureau
7 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for $212.76 million
CNBC TV18 Online Web NA Bureau
8 Jul 2020 Tata Power Subsidiary
Completes Sale Of Three
Ships For $212.76 Million
Bloomberg Quint Online Web NA PTI
7 Jul 2020 Tata Power's arm Trust
Energy Resources
completes sale of its three
ships to Oldendorff Carriers
GmbH
IIFL Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Yahoo Finance
India
Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Punjab Tribune Online Web NA Bureau
7 Jul 2020 Tata Power completes
sales transaction of ships
worth USD 12.76 million
Sakal Times Online Web NA Bureau
7 Jul 2020 Tata Power Completes Sale
Transaction of Ships for
$212.76 Million
Energetica India Online Web NA Bureau
7 Jul 2020 Trust Energy Resources
completes sale transaction
of ships
Projects Today Online Web NA Bureau
8 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for USD 212.76 million
Devdiscourse Online Web NA Bureau
8 Jul 2020 Tata Power subsidiary
completes sale of three
ships for $ 212.76 million
24 Globe News Online Web NA Bureau
8 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Albuquerque
Express
Online Web NA Bureau
Page 4 of 108.
8 Jul 2020 Tata Power completes Sale
transaction of ships for USD
212.76 million
Arthini Online Web NA Bureau
8 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Big News
Network
Online Web NA Bureau
8 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for USD 212.76 million
Eng.bebakpost Online Web NA Bureau
8 Jul 2020 Tata Power completes sale
transaction of three ships
for $212.76 mn
HR Nxt Online Web NA Hrnxt
Newsdesk
8 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for USD 212.76 million
India Daily Mail Online Web NA Bureau
8 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for $212.76 million
Knowledia Online Web NA Bureau
8 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Nepal News Online Web NA Bureau
8 Jul 2020 Tata Power completes sale
transaction of ships for USD
212.76 million
New Kerala Online Web NA Bureau
8 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for USD 212.76 million
News India Online Web NA Bureau
8 Jul 2020 Tata Power completes Sale
transaction of ships for USD
212.76 million
Punekar News Online Web NA Bureau
8 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Sierra Leone
Times
Online Web NA Bureau
8 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Sify Online Web NA Bureau
8 Jul 2020 Tata Power subsidiary
completes sale of three
ships for $212.76 million
The Smart
Investor
Online Web NA PTI
8 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for $212.76 million
Trendlyne Online Web NA Bureau
8 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Webindia123 Online Web NA Bureau
Page 5 of 108.
8 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Yahoo News
Malaysia
Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
of three ships for $213 mln
Capital Market Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Chhattisgarh
Today
Online Web NA Bureau
7 Jul 2020 COMPANY NEWS Tata
Power’s arm completes
sale transaction of ships for
$212.76 million
Citrus Interactive Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Delhi Live News Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Haryana Today Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Hi India Online Web NA Bureau
7 Jul 2020 Tata Power's arm
completes sale transaction
of ships for $212.76 million
HT Syndication Online Web NA Bureau
7 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for $212.76 million
India Global
News
Online Web NA PTI
7 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for USD 212.76 million
India Global
News
Online Web NA Rachita
Prasad
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Indian Economic
Observer
Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Indian News
Network
Online Web NA Bureau
7 Jul 2020 Tata Power completes Sale
transaction of ships for USD
212.76 million
IPM News Online Web NA epune
metro
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Jharkhand Times Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Karnataka Live Online Web NA Bureau
Page 6 of 108.
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Kashmir
Breaking News
Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Kashmir
Newsline
Online Web NA Bureau
7 Jul 2020 Business News | Tata
Power Completes Sale
Transaction of Ships for
$212.76 Million
Latest LY Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Malaysia Sun Online Web NA Bureau
7 Jul 2020 Tata Power : completes
Sale transaction of ships for
USD 212.76 million
Market Screener Online Web NA Bureau
7 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for USD 212.76 million
My Times Now Online Web NA Bureau
7 Jul 2020 Tata Power subsidiary
completes sale of three
ships for $212.76 million
News Alert Online Web NA Bureau
7 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for $212.76 million
Newzz Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Odisha Post Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Punjab Live Online Web NA Bureau
7 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for $212.76 million
Stocks Market Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
The Hawk Online Web NA Bureau
7 Jul 2020 Tata Power subsidiary
completes sale of 3 ships
for USD 212.76 million
Thefoodera Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Web India 123 Online Web NA Bureau
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
Zee5 Online Web NA Bureau
Page 7 of 108.
7 Jul 2020 Tata Power completes sale
transaction of ships for
$212.76 million
West Bengal
Khabar
Online Web NA Bureau
Page 8 of 108.
Financial
Page 9 of 108.
Published Date 8 Jul 2020 Publication Financial Express
Edition New Delhi Page No 20
Circulation 27,000
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Page 10 of 108.
Published Date 8 Jul 2020 Publication Mint
Edition Mumbai Page No 3
Circulation 71,000
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Published Date 8 Jul 2020 Publication Mint
Edition Bangalore Page No 3
Circulation 30,000
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Page 12 of 108.
Published Date 8 Jul 2020 Publication Mint
Edition Kolkata Page No 3
Circulation 11,000
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Page 13 of 108.
Published Date 8 Jul 2020 Publication Mint
Edition Hyderabad Page No 3
Circulation 9,500
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Page 14 of 108.
Published Date 8 Jul 2020 Publication Mint
Edition Chennai Page No 3
Circulation 9,500
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Page 15 of 108.
Published Date 8 Jul 2020 Publication Mint
Edition Ahmedabad Page No 3
Circulation 15,000
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Page 16 of 108.
Published Date 8 Jul 2020 Publication Mint
Edition New Delhi Page No 3
Circulation 93,000
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Page 17 of 108.
Published Date 8 Jul 2020 Publication The Economic Times
Edition Mumbai Page No 8
Circulation 261,000
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Page 18 of 108.
Published Date 8 Jul 2020 Publication The Economic Times
Edition New Delhi Page No 8
Circulation 139,000
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Page 19 of 108.
Published Date 8 Jul 2020 Publication The Economic Times
Edition Bangalore Page No 8
Circulation 50,760
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Page 20 of 108.
Published Date 8 Jul 2020 Publication The Economic Times
Edition Kolkata Page No 6
Circulation 38,331
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Page 21 of 108.
Published Date 8 Jul 2020 Publication The Economic Times
Edition Chennai Page No 6
Circulation 25,839
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Page 22 of 108.
Mainlines
Page 23 of 108.
Published Date 8 Jul 2020 Publication Deccan Chronicle
Edition Hyderabad Page No 7
Circulation 505,261
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Published Date 8 Jul 2020 Publication Deccan Chronicle
Edition Chennai Page No 7
Circulation 226,204
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Page 25 of 108.
Published Date 8 Jul 2020 Publication Millennium Post
Edition New Delhi Page No 10
Circulation 150,000
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Page 26 of 108.
Published Date 8 Jul 2020 Publication Millennium Post
Edition Kolkata Page No 10
Circulation 70,000
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Page 27 of 108.
Published Date 8 Jul 2020 Publication The Asian Age
Edition New Delhi Page No 7
Circulation 77,991
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Page 28 of 108.
Regional
Page 29 of 108.
Published Date 8 Jul 2020 Publication Business Standard (Hindi)
Edition New Delhi Page No 2
Circulation 7,069
Page 30 of 108.
Published Date 8 Jul 2020 Publication Veer Arjun (Hindi)
Edition New Delhi Page No 11
Circulation 102,000
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Page 31 of 108.
Online
Page 32 of 108.
Website: 24 Globe News Word count 227
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of three ships for $ 212.76 million -
https://www.24globenews.com/index.php/2020/07/07/tata-power-subsidiary-completes-sale-of-three-ships-for-212-76-
million/
Tata Power on Tuesday mentioned its Singapore-based subsidiary Trust Energy Resources accomplished the transaction for the sale
of its three ships for USD 212.76 million (round Rs 1,592 crore). Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-
owned subsidiary of Tata Power has announced completion of sale of its three ships MV Trust Agility, MV Trust Integrity and MV Trust
Amity to Oldendorff Carriers GmbH & Co. KG, Germany for a consideration of USD 212.76 million, Tata Power mentioned in a
regulatory submitting.TERPL will now cater to the transport necessities of the corporates imported coal-based Coastal Gujarat Power
Ltd (CGPL) plant at Mundra underneath an asset mild mannequin which can assist unlock vital worth and returns for the corporates
shareholders, the corporate added.
Tata Power mentioned the sale proceeds will likely be used in direction of decreasing the debt in addition to to fund future development
plans.
Tata Power CEO and MD Praveer Sinha mentioned, The sale of our shipping assets is in line with our long term plans to reduce debt
and raise funds to invest in our future growth plans, including expanding our presence in the renewable energy business.
This is the second asset sale by Tata Power in latest months after the divestment in Cennergi in South Africa.
Shares of Tata Power had been buying and selling 0.40 per cent greater at Rs 50.60 apiece on BSE.
Back To Index
Page 33 of 108.
Website: Albuquerque Express Word count 226
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.albuquerqueexpress.com/news/265695785/tata-power-completes-sale-transaction-of-ships-for-21276-million
Back To Index
Page 34 of 108.
Website: Arthini Word count 235
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power completes Sale transaction of ships for USD 212.76 million
http://arthnitimagazine.blogspot.com/2020/07/tata-power-completes-sale-transaction.html
National, 7th July 2020: Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly owned subsidiary of the Tata Power has
announced today the completion of sale of its three ships viz. MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff
Carriers GmbH & Co. KG, Germany for a consideration of USD 212.76 million.
TERPL will now cater to the shipping requirements of the Company's imported coal-based CGPL plant at Mundra under an asset light
model which will help unlock significant value and returns for the Company's shareholders. The sale proceeds will be used towards
reducing the debt as well as to fund future growth plans.
Mr. Praveer Sinha, CEO & MD, Tata Power said, The sale of our shipping assets announced today is in line with our long term plans
to reduce debt and raise funds to invest in our future growth plans, including expanding our presence in the renewable energy business.
The sale includes existing long-term contracts associated with the ships with M/s. Oldendorff Carriers GmbH & Co. KG Germany which
is one of the largest dry-bulk shipping companies in the world. Each year, Oldendorff carries about 320 million tons of bulk and unitised
cargo around the world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned
ships at any one time.
This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.
Back To Index
Page 35 of 108.
Website: Big News Network Word count 456
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.bignewsnetwork.com/news/265695785/tata-power-completes-sale-transaction-of-ships-for-21276-
million?utm_source=feeds.bignewsnetwork.com&utm_medium=referral
Back To Index
Page 36 of 108.
Website: Bloomberg Quint Word count 216
Published Date 8 Jul 2020 Journalist: PTI
Tata Power Subsidiary Completes Sale Of Three Ships For $212.76 Million
https://www.bloombergquint.com/business/tata-power-subsidiary-completes-sale-of-3-ships-for-usd-212-76-million
Tata Power Ltd. on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction for the sale of its
three ships for $212.76 million (around Rs 1,592 crore)."Singapore-based Trust Energy Resources Pte Ltd., a wholly-owned subsidiary
of Tata Power has announced completion of sale of its three ships -- MV Trust Agility, MV Trust Integrity and MV Trust Amity to
Oldendorff Carriers GmbH & Co. KG, Germany -- for a consideration of $212.76 million," Tata Power said in a regulatory filing.TERPL
will now cater to the shipping requirements of the company's imported coal-based Coastal Gujarat Power Ltd. plant at Mundra under
an asset light model which will help unlock significant value and returns for the company's shareholders, the company added.Tata
Power said the sale proceeds will be used towards reducing the debt as well as to fund future growth plans.Tata Power CEO and MD
Praveer Sinha said, The sale of our shipping assets... is in line with our long term plans to reduce debt and raise funds to invest in our
future growth plans, including expanding our presence in the renewable energy business.This is the second asset sale by Tata Power
in recent months after the divestment in Cennergi in South Africa.Shares of Tata Power were trading 0.40% higher at Rs 50.60 apiece
on BSE.
Back To Index
Page 37 of 108.
Website: Business Standard Word count 218
Published Date 8 Jul 2020 Journalist: PTI
Tata Power subsidiary completes sale of three ships for $212.76 million
https://www.business-standard.com/article/companies/tata-power-subsidiary-completes-sale-of-three-ships-for-212-76-
million-120070700495_1.html
Tata Power on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction for the sale of its
three ships for $212.76 million (around Rs 1,592 crore).
"Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of Tata Power has announced completion of
sale of its three ships -- MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany --
for a consideration of $212.76 million," Tata Power said in a regulatory filing.
TERPL will now cater to the shipping requirements of the company's imported coal-based Coastal Gujarat Power Ltd (CGPL) plant at
Mundra under an asset light model which will help unlock significant value and returns for the company's shareholders, the company
added.
Tata Power said the sale proceeds will be used towards reducing the debt as well as to fund growth plans.
Tata Power CEO and MD Praveer Sinha said, The sale of our shipping assets... is in line with our long term plans to reduce debt and
raise funds to invest in our future growth plans, including expanding our presence in the renewable energy business.
This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.
Shares of Tata Power were trading 0.40 per cent higher at Rs 50.60 apiece on BSE.
Back To Index
Page 38 of 108.
Website: Devdiscourse Word count 225
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.devdiscourse.com/article/business/1120283-tata-power-completes-sale-transaction-of-ships-for-21276-million
Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the Tata Power, on Tuesday announced
the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG for 212.76 million dollars. The ships are MV
Trust Agility, MV Trust Integrity and MV Trust Amity.TERPL will now cater to shipping requirements of the company's imported coal-
based CGPL plant at Mundra under an asset light model which will help unlock significant value and returns for the shareholders. The
sale proceeds will be used towards reducing the debt as well as to fund future growth plans. "The sale of our shipping assets announced
today is in line with our long-term plans to reduce debt and raise funds to invest in our future growth plans, including expanding our
presence in the renewable energy business," said CEO and Managing Director Praveer Sinha.The sale includes existing long-term
contracts associated with the ships with Oldendorff Carriers which is one of the largest dry-bulk shipping companies in the world. Each
year, it carries about 320 million tonnes of bulk and unitised cargo around the world and performs 14,000 port calls in 125 countries.
On average, Oldendorff operates 700 chartered and owned ships at any one time.This is the second asset sale by Tata Power in
recent months after the divestment in Cennergi in South Africa. (ANI)
Back To Index
Page 39 of 108.
Website: Devdiscourse Word count 226
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for USD 212.76 million
https://www.devdiscourse.com/article/business/1120296-tata-power-subsidiary-completes-sale-of-3-ships-for-usd-21276-
million
Tata Power on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction for the sale of its
three ships for USD 212.76 million (around Rs 1,592 crore). "Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-
owned subsidiary of Tata Power has announced completion of sale of its three ships -- MV Trust Agility, MV Trust Integrity and MV
Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany -- for a consideration of USD 212.76 million," Tata Power said in a
regulatory filing. TERPL will now cater to the shipping requirements of the company's imported coal-based Coastal Gujarat Power Ltd
(CGPL) plant at Mundra under an asset light model which will help unlock significant value and returns for the company's shareholders,
the company added.Tata Power said the sale proceeds will be used towards reducing the debt as well as to fund future growth plans.
Tata Power CEO and MD Praveer Sinha said, The sale of our shipping assets... is in line with our long term plans to reduce debt and
raise funds to invest in our future growth plans, including expanding our presence in the renewable energy business. This is the second
asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa. Shares of Tata Power were trading 0.40
per cent higher at Rs 50.60 apiece on BSE.
Back To Index
Page 40 of 108.
Website: eng.bebakpost Word count 415
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for USD 212.76 million
https://eng.bebakpost.com/2020/07/tata-power-subsidiary-completes-sale-of.html
"Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of Tata Power has announced completion of
sale of its three ships -- MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany --
for a consideration of USD 212.76 million," Tata Power said in a regulatory filing.
TERPL will now cater to the shipping requirements of the company's imported coal-based Coastal Gujarat Power Ltd (CGPL) plant at
Mundra under an asset light model which will help unlock significant value and returns for the company's shareholders, the company
added.
Tata Power said the sale proceeds will be used towards reducing the debt as well as to fund future growth plans.
Tata Power CEO and MD Praveer Sinha said, The sale of our shipping assets... is in line with our long term plans to reduce debt and
raise funds to invest in our future growth plans, including expanding our presence in the renewable energy business.
This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.
Shares of Tata Power were trading 0.40 per cent higher at Rs 50.60 apiece on BSE.
Tata Power on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction for the sale of its
three ships for USD 212.76 million (around Rs 1,592 crore)."Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-
owned subsidiary of Tata Power has announced completion of sale of its three ships -- MV Trust Agility, MV Trust Integrity and MV
Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany -- for a consideration of USD 212.76 million," Tata Power said in a
regulatory filing.TERPL will now cater to the shipping requirements of the company's imported coal-based Coastal Gujarat Power Ltd
(CGPL) plant at Mundra under an asset light model which will help unlock significant value and returns for the company's shareholders,
the company added.Tata Power said the sale proceeds will be used towards reducing the debt as well as to fund future growth
plans.Tata Power CEO and MD Praveer Sinha said, The sale of our shipping assets... is in line with our long term plans to reduce debt
and raise funds to invest in our future growth plans, including expanding our presence in the renewable energy business.This is the
second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.Shares of Tata Power were trading
0.40 per cent higher at Rs 50.60 apiece on BSE.
Back To Index
Page 41 of 108.
Website: HR Nxt Word count 358
Published Date 8 Jul 2020 Journalist: Hrnxt Newsdesk
Tata Power completes sale transaction of three ships for $212.76 mn
https://hrnxt.com/news/tata-power-completes-sale-transaction-of-three-ships-for-212-76-mn/21736/2020/07/07/
Back To Index
Page 42 of 108.
Website: India Daily Mail Word count 223
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for USD 212.76 million
https://www.indiadailymail.com/business/industry/tata-power-subsidiary-completes-sale-of-3-ships-for-usd-212-76-
million/#:~:text=Tata%20Power%20subsidiary%20completes%20sale%20of%203%20ships%20for%20USD%20212.76%20mil
lion,-July%207%2C%202020&text=NEW%20DELHI%3A%20Tata%20Power%20on,(around%20Rs%201%2C592%20crore)
NEW DELHI: Tata Power on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction for the
sale of its three ships for USD 212.76 million (around Rs 1,592 crore).
Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of Tata Power has announced completion of
sale of its three ships MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany for
a consideration of USD 212.76 million, Tata Power said in a regulatory filing.
TERPL will now cater to the shipping requirements of the companys imported coal-based Coastal Gujarat Power Ltd (CGPL) plant at
Mundra under an asset light model which will help unlock significant value and returns for the companys shareholders, the company
added.
Tata Power said the sale proceeds will be used towards reducing the debt as well as to fund future growth plans.
Tata Power CEO and MD Praveer Sinha said, The sale of our shipping assets is in line with our long term plans to reduce debt and
raise funds to invest in our future growth plans, including expanding our presence in the renewable energy business.
This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.
Shares of Tata Power were trading 0.40 per cent higher at Rs 50.60 apiece on BSE.
Back To Index
Page 43 of 108.
Website: Knowledia Word count 149
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for $212.76 million
https://news.knowledia.com/IN/en/articles/tata-power-subsidiary-completes-sale-of-3-ships-for-21276-million-
494bb24df2dc3f7e5df661ba797874a57ecea5c3
Tata Power subsidiary completes sale of 3 ships for $212.76 million8 hours agowww.moneycontrol.com1 min read difficult"Singapore-
based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of Tata Power has announced completion of sale of its
three ships -- MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany -- for a
consideration of USD 212.76 million," Tata Power said in a regulatory filing.Tata Power on Tuesday said its Singapore-based subsidiary
Trust Energy Resources completed the transaction for the sale of its three ships for USD 212.76 million (around Rs 1,592 crore).TERPL
will now cater to the shipping requirements of the company's imported coal-based Coastal Gujarat Power Ltd (CGPL) plant at Mundra
under an asset light model which will help unlock significant value and returns for the company's shareholders, the company
added.Tata Power said the sale proceeds will be usedPTIRead full article
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Page 44 of 108.
Website: Nepal News Word count 226
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.nepalnews.net/news/265695785/tata-power-completes-sale-transaction-of-ships-for-21276-million
Back To Index
Page 45 of 108.
Website: New Kerala Word count 253
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for USD 212.76 million
https://www.newkerala.com/news/2020/120785.htm
Tata Power completes sale transaction of ships for USD 212.76 millionTweet Share Link Share Class Send SendMumbai , July 7:
Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the Tata Power, on Tuesday announced
the completion of a sale of its three ships to German Oldendorff Carriers GmbH and Co KG for 212.76 million dollars.The ships are
MV Trust Agility, MV Trust Integrity and MV Trust Amity.TERPL will now cater to shipping requirements of the company's imported
coal-based CGPL plant at Mundra under an asset light model which will help unlock significant value and returns for the shareholders.
The sale proceeds will be used towards reducing the debt as well as to fund future growth plans."The sale of our shipping assets
announced today is in line with our long-term plans to reduce debt and raise funds to invest in our future growth plans, including
expanding our presence in the renewable energy business," said CEO and Managing Director Praveer Sinha.The sale includes existing
long-term contracts associated with the ships with Oldendorff Carriers which is one of the largest dry-bulk shipping companies in the
world.Each year, it carries about 320 million tonnes of bulk and unitised cargo around the world and performs 14,000 port calls in 125
countries. On average, Oldendorff operates 700 chartered and owned ships at any one time.This is the second asset sale by Tata
Power in recent months after the divestment in Cennergi in South Africa.(ANI)Like This Article?Tata Power completes sale transaction
of ships for USD 212.76 million
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Page 46 of 108.
Website: News India Word count 306
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for USD 212.76 million
https://www.news.in/headlines/daman-and-diu/tata-power-subsidiary-completes-sale-of-3-ships-for-usd-212-76-
million/8282E426
TERPL will now cater to the shipping requirements of the company's imported coal-based Coastal Gujarat Power Ltd plant at Mundra
under an asset light model which will help unlock significant value and returns for the company's shareholders, the company added
July 07, 2020, 12:57 IST Power on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction
for the sale of its three ships for USD 212.76 million (around Rs 1,592 crore). "Singapore-based Trust Energy Resources Pte Ltd (
TERPL ), a wholly-owned subsidiary of Tata Power has announced completion of sale of its three ships -- MV Trust Agility, MV Trust
Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany -- for a consideration of USD 212.76 million," Tata
Power said in a regulatory filing. TERPL will now cater to the shipping requirements of the company's imported coal-based Coastal
Gujarat Power Ltd (CGPL) plant at Mundra under an asset light model which will help unlock significant value and returns for the
company's shareholders, the company added. Tata Power said the sale proceeds will be used towards reducing the debt as well as
to fund future growth plans. Tata Power CEO and MD Praveer Sinha said, The sale of our shipping assets... is in line with our long
term plans to reduce debt and raise funds to invest in our future growth plans, including expanding our presence in the renewable
energy business. This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.
Shares of Tata Power were trading 0.40 per cent higher at Rs 50.60 apiece on BSE. Follow and connect with us on Twitter Facebook
Back To Index
Page 47 of 108.
Website: Punekar News Word count 239
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power completes Sale transaction of ships for USD 212.76 million
https://www.punekarnews.in/tata-power-completes-sale-transaction-of-ships-for-usd-212-76-million/
National, 7th July 2020: Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly owned subsidiary of the Tata Power has
announced today the completion of sale of its three ships viz. MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff
Carriers GmbH & Co. KG, Germany for a consideration of USD 212.76 million.TERPL will now cater to the shipping requirements of
the Company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant value and
returns for the Company's shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth
plans.Mr. Praveer Sinha, CEO & MD, Tata Power said, The sale of our shipping assets announced today is in line with our long term
plans to reduce debt and raise funds to invest in our future growth plans, including expanding our presence in the renewable energy
business.The sale includes existing long-term contracts associated with the ships with M/s. Oldendorff Carriers GmbH & Co. KG
Germany which is one of the largest dry-bulk shipping companies in the world. Each year, Oldendorff carries about 320 million tons of
bulk and unitised cargo around the world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700
chartered and owned ships at any one time.This is the second asset sale by Tata Power in recent months after the divestment in
Cennergi in South Africa.
Back To Index
Page 48 of 108.
Website: Sierra Leone Times Word count 226
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.sierraleonetimes.com/news/265695785/tata-power-completes-sale-transaction-of-ships-for-21276-million
Back To Index
Page 49 of 108.
Website: Sify Word count 229
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.sify.com/finance/tata-power-completes-sale-transaction-of-ships-for-21276-million-news-news-
uhhg9ghbfjhfi.html
Mumbai (Maharashtra) [India, July 7 (ANI): Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of
the Tata Power, on Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG for
212.76 million dollars. The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity.TERPL will now cater to shipping
requirements of the company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant
value and returns for the shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth
plans."The sale of our shipping assets announced today is in line with our long-term plans to reduce debt and raise funds to invest in
our future growth plans, including expanding our presence in the renewable energy business," said CEO and Managing Director
Praveer Sinha.The sale includes existing long-term contracts associated with the ships with Oldendorff Carriers which is one of the
largest dry-bulk shipping companies in the world.Each year, it carries about 320 million tonnes of bulk and unitised cargo around the
world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at any one
time.This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa. (ANI)
Back To Index
Page 50 of 108.
Website: The Economic Times Word count 232
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for $ 212.76 million
https://economictimes.indiatimes.com/markets/stocks/news/tata-power-subsidiary-completes-sale-of-3-ships-for-usd-212-
76-million/articleshow/76829430.cms
Tata Power on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction for the sale of its
three ships for USD 212.76 million (around Rs 1,592 crore). "Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-
owned subsidiary of Tata Power has announced completion of sale of its three ships -- MV Trust Agility, MV Trust Integrity and MV
Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany -- for a consideration of USD 212.76 million," Tata Power said in a
regulatory filing. TERPL will now cater to the shipping requirements of the company's imported coal-based Coastal Gujarat Power Ltd
(CGPL) plant at Mundra under an asset light model which will help unlock significant value and returns for the company's shareholders,
the company added. Tata Power said the sale proceeds will be used towards reducing the debt as well as to fund future growth plans.
Tata Power CEO and MD Praveer Sinha said, "The sale of our shipping assets... is in line with our long term plans to reduce debt and
raise funds to invest in our future growth plans, including expanding our presence in the renewable energy business". This is the
second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa. Shares of Tata Power were
trading 0.40 per cent higher at Rs 50.60 apiece on BSE.
Back To Index
Page 51 of 108.
Website: The Hindu Business Line Word count 217
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for $212.76 million
https://www.thehindubusinessline.com/companies/tata-power-subsidiary-completes-sale-of-3-ships-for-21276-
million/article32010353.ece
Tata Power on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction for the sale of its
three ships for $212.76 million (around 1,592 crore).Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned
subsidiary of Tata Power has announced completion of sale of its three ships -- MV Trust Agility, MV Trust Integrity and MV Trust
Amity to Oldendorff Carriers GmbH & Co KG, Germany -- for a consideration of $212.76 million, Tata Power said in a regulatory
filing.TERPL will now cater to the shipping requirements of the companys imported coal-based Coastal Gujarat Power Ltd (CGPL)
plant at Mundra under an asset light model which will help unlock significant value and returns for the companys shareholders, the
company added.Tata Power said the sale proceeds will be used towards reducing the debt as well as to fund future growth plans.Tata
Power CEO and MD Praveer Sinha said, The sale of our shipping assets... is in line with our long term plans to reduce debt and raise
funds to invest in our future growth plans, including expanding our presence in the renewable energy business.This is the second
asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.Shares of Tata Power were trading 0.40
per cent higher at 50.60 apiece on BSE.
Back To Index
Page 52 of 108.
Website: The Smart Investor Word count 255
Published Date 8 Jul 2020 Journalist: PTI
Tata Power subsidiary completes sale of three ships for $212.76 million
https://smartinvestor.business-standard.com/market/Marketnews-648942-storydet-
Tata_Power_subsidiary_completes_sale_of_three_ships_for_21276_million.htm
Tata Power subsidiary completes sale of three ships for $212.76 millionPress Trust of India/New Delhi 07 Jul 20 | 12:36 PMEmail
thisPrint Tata Power on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction for the sale
of its three ships for $212.76 million (around Rs 1,592 crore)."Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-
owned subsidiary of Tata Power has announced completion of sale of its three ships -- MV Trust Agility, MV Trust Integrity and MV
Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany -- for a consideration of $212.76 million," Tata Power said in a regulatory
filing. Related Stories No Related Stories Found Widgets MagazineTERPL will now cater to the shipping requirements of the
company's imported coal-based Coastal Gujarat Power Ltd (CGPL) plant at Mundra under an asset light model which will help unlock
significant value and returns for the company's shareholders, the company added.Tata Power said the sale proceeds will be used
towards reducing the debt as well as to fund growth plans.Tata Power CEO and MD Praveer Sinha said, The sale of our shipping
assets... is in line with our long term plans to reduce debt and raise funds to invest in our future growth plans, including expanding our
presence in the renewable energy business.This is the second asset sale by Tata Power in recent months after the divestment in
Cennergi in South Africa.Shares of Tata Power were trading 0.40 per cent higher at Rs 50.60 apiece on BSE. Poll Currently No Poll
Available.
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Page 53 of 108.
Website: Trendlyne Word count 24
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for $212.76 million
https://trendlyne.com/posts/2429508/tata-power-subsidiary-completes-sale-of-3-ships-for-212-76-million
Back To Index
Page 54 of 108.
Website: UNI India Word count 158
Published Date 8 Jul 2020 Journalist: UNI
Tata Power completes Sale transaction of ships for USD 212.76 million
http://www.uniindia.com/news/business-economy/business-tata-power-sale/2069126.html
Mumbai, Jul 7 (UNI) Tata Power on Tuesday said that it Singapore-based wholly owned subsidiary Trust Energy Resources Pte Ltd
(TERPL) has completed sale of its three ships viz. MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers
GmbH & Co. KG, Germany for a consideration of USD 212.76 million.TERPL will now cater to the shipping requirements of the
Company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant value and returns
for the Company's shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth plans,Tata
power said in a filing with BSE.Mr Praveer Sinha, CEO & MD, Tata Power said, The sale of our shipping assets announced today is
in line with our long term plans to reduce debt and raise funds to invest in our future growth plans, including expanding our presence
in the renewable energy business.
Back To Index
Page 55 of 108.
Website: Webindia123 Word count 185
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://news.webindia123.com/news/articles/Business/20200707/3588474.html
The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity.TERPL will now cater to shipping requirements of the company's
imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant value and returns for the
shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth plans."The sale of our shipping
assets announced today is in line with our long-term plans to reduce debt and raise funds to invest in our future growth plans, including
expanding our presence in the renewable energy business," said CEO and Managing Director Praveer Sinha.The sale includes existing
long-term contracts associated with the ships with Oldendorff Carriers which is one of the largest dry-bulk shipping companies in the
world.Each year, it carries about 320 million tonnes of bulk and unitised cargo around the world and performs 14,000 port calls in 125
countries. On average, Oldendorff operates 700 chartered and owned ships at any one time.This is the second asset sale by Tata
Power in recent months after the divestment in Cennergi in South Africa. (ANI)
Back To Index
Page 56 of 108.
Website: Yahoo News Malaysia Word count 228
Published Date 8 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://malaysia.news.yahoo.com/tata-power-completes-sale-transaction-ships-212-76-062501125.html
Back To Index
Page 57 of 108.
Website: ANI News Word count 31
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.aninews.in/news/business/tata-power-completes-sale-transaction-of-ships-for-21276-million20200707115503
Updated: Jul 07, 2020 10:44 ISTMerck Foundation provided oncology specialty training for more than 80 new African doctors from 26
African countries to increase the limited number of oncologists in Africa
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Page 58 of 108.
Website: Business Standard Word count 336
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale of three ships for $213 mln
https://www.business-standard.com/article/news-cm/tata-power-completes-sale-of-three-ships-for-213-mln-
120070700763_1.html
The sale proceeds will be used towards reducing the debt as well as to fund future growth plans. Singapore-based Trust Energy
Resources (TERPL), a wholly-owned subsidiary of the Tata Power, has announced the completion of sale of its three ships viz. MV
Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany for a consideration of
$212.76 million.TERPL will now cater to the shipping requirements of the company's imported coal-based Coastal Gujarat Power
Limited (CGPL) plant at Mundra under an asset light model which will help unlock significant value and returns for the company's
shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth plans.The sale includes
existing long-term contracts associated with the ships with Oldendorff Carriers GmbH & Co. KG Germany, which is one of the
largest dry-bulk shipping companies in the world. This is the second asset sale by Tata Power in recent months after the divestment
in Cennergi in South Africa.Praveer Sinha, CEO & MD, Tata Power said, "The sale of our shipping assets announced today is in
line with our long term plans to reduce debt and raise funds to invest in our future growth plans, including expanding our presence in
the renewable energy business."Shares of Tata Power were up 0.69% at Rs 50.75.The company's consolidated net profit surged
176.7% to Rs 474.70 crore on 8.4% fall in net sales to Rs 6,620.80 crore in Q4 March 2020 over Q4 March 2019.Tata Power Co. is
India's largest integrated power company and, together with its subsidiaries & jointly controlled entities, has an installed/ managed
capacity of 12,742 MW.Powered by Capital Market - Live News(This story has not been edited by Business Standard staff and is auto-
generated from a syndicated feed.)
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Page 59 of 108.
Website: Business Standard Word count 238
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power sells its shipping assets for consideration of USD 212.76 mn
https://www.business-standard.com/article/news-cm/tata-power-sells-its-shipping-assets-for-consideration-of-usd-212-76-
mn-120070700388_1.html
Singapore-based Trust Energy Resources(TERPL), a wholly owned subsidiary of the Tata Power has announced today the completion
of sale of its three ships viz. MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG,
Germany for a consideration of USD 212.76 million.TERPL will now cater to the shipping requirements of the Company's imported
coal-based CGPL plant at Mundra under an asset light model which will help unlock significant value and returns for the Company's
shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth plans.The sale includes
existing long-term contracts associated with the ships with M/s.Oldendorff Carriers GmbH & Co. KG Germany which is one of the
largest dry-bulk shipping companies in the world. Each year, Oldendorff carries about 320 million tons of bulk and unitised cargo
around the world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at
any one time.This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.Powered
by Capital Market - Live News(This story has not been edited by Business Standard staff and is auto-generated from a syndicated
feed.)
Back To Index
Page 60 of 108.
Website: Business World Word count 330
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
http://www.businessworld.in/article/Tata-Power-completes-sale-transaction-of-ships-for-212-76-million/07-07-2020-294819
Tata Power completes sale transaction of ships for $212.76 million Mumbai (Maharashtra) [India, July 7 (ANI): Singapore-based Trust
Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the Tata Power, on Tuesday announced the completion of a sale
of its three ships to German Oldendorff Carriers GmbH & Co KG for 212.76 million dollars.The ships are MV Trust Agility, MV
Trust Integrity and MV Trust Amity.TERPL will now cater to shipping requirements of the company's imported coal-based CGPL plant
at Mundra under an asset light model which will help unlock significant value and returns for the shareholders. The sale proceeds will
be used towards reducing the debt as well as to fund future growth plans."The sale of our shipping assets announced today is in line
with our long-term plans to reduce debt and raise funds to invest in our future growth plans, including expanding our presence in the
renewable energy business," said CEO and Managing Director Praveer Sinha.The sale includes existing long-term contracts
associated with the ships with Oldendorff Carriers which is one of the largest dry-bulk shipping companies in the world.Each year, it
carries about 320 million tonnes of bulk and unitised cargo around the world and performs 14,000 port calls in 125 countries. On
average, Oldendorff operates 700 chartered and owned ships at any one time.This is the second asset sale by Tata Power in recent
months after the divestment in Cennergi in South Africa. (ANI)Disclaimer: The views expressed in the article above are those of the
authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in
his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any
agency or institution.Tags assigned to this article:
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Page 61 of 108.
Website: Capital Market Word count 312
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale of three ships for $213 mln
http://www.capitalmarket.com/News/Hot-Pursuit/Tata-Power-completes-sale-of-three-ships-for-$213-mln/1176513
Back To Index
Page 62 of 108.
Website: Chhattisgarh Today Word count 253
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.chhattisgarhtoday.in/news/tata-power-completes-sale-transaction-of-ships-for-21276-million20200707115501/
Mumbai (Maharashtra) [India, July 7 : Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the
Tata Power, on Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG
for 212.76 million dollars. The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity. TERPL will now cater to shipping
requirements of the company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant
value and returns for the shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth
plans. "The sale of our shipping assets announced today is in line with our long-term plans to reduce debt and raise funds to invest in
our future growth plans, including expanding our presence in the renewable energy business," said CEO and Managing Director
Praveer Sinha. The sale includes existing long-term contracts associated with the ships with Oldendorff Carriers which is one of the
largest dry-bulk shipping companies in the world. Each year, it carries about 320 million tonnes of bulk and unitised cargo around the
world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at any one
time. This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.
Back To Index
Page 63 of 108.
Website: Citrus Interactive Word count 127
Published Date 7 Jul 2020 Journalist: Bureau
COMPANY NEWS Tata Power’s arm completes sale transaction of ships for $212.76 million
http://www.citrusinteractive.in/News/OpenNewsContent.aspx?SecId=7&SubSecID=15&NewsID=787732
Singapore-based Trust Energy Resources (TERPL), a wholly owned subsidiary of Tata Power, has completed sale of its three ships
viz. MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany for a consideration
of $212.76 million. TERPL will now cater to the shipping requirements of the Company's imported coal-based CGPL plant at Mundra
under an asset light model which will help unlock significant value and returns for the Company's shareholders. The sale proceeds will
be used towards reducing the debt as well as to fund future growth plans.Tata Power is Indias largest integrated power company.
Back To Index
Page 64 of 108.
Website: CNBC TV18 Word count 249
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for $212.76 million
https://www.cnbctv18.com/energy/tata-power-subsidiary-completes-sale-of-3-ships-for-21276-million-6276461.htm
Tata Power on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction for the sale of its
three ships for USD 212.76 million (around Rs 1,592 crore). "Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-
owned subsidiary of Tata Power has announced completion of sale of its three ships -- MV Trust Agility, MV Trust Integrity and MV
Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany -- for a consideration of USD 212.76 million," Tata Power said in a
regulatory filing.TERPL will now cater to the shipping requirements of the company's imported coal-based Coastal Gujarat Power Ltd
(CGPL) plant at Mundra under an asset light model which will help unlock significant value and returns for the company's shareholders,
the company added.Tata Power said the sale proceeds will be used towards reducing the debt as well as to fund future growth
plans.Tata Power CEO and MD Praveer Sinha said, "The sale of our shipping assets... is in line with our long term plans to reduce
debt and raise funds to invest in our future growth plans, including expanding our presence in the renewable energy business".This is
the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa. Shares of Tata Power were
trading 0.40 percent higher at Rs 50.60 apiece on BSE.
Back To Index
Page 65 of 108.
Website: Delhi Live News Word count 253
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.delhilivenews.in/news/tata-power-completes-sale-transaction-of-ships-for-21276-million20200707115501/
Mumbai (Maharashtra) [India, July 7 : Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the
Tata Power, on Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG
for 212.76 million dollars. The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity. TERPL will now cater to shipping
requirements of the company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant
value and returns for the shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth
plans. "The sale of our shipping assets announced today is in line with our long-term plans to reduce debt and raise funds to invest in
our future growth plans, including expanding our presence in the renewable energy business," said CEO and Managing Director
Praveer Sinha. The sale includes existing long-term contracts associated with the ships with Oldendorff Carriers which is one of the
largest dry-bulk shipping companies in the world. Each year, it carries about 320 million tonnes of bulk and unitised cargo around the
world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at any one
time. This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.
Back To Index
Page 66 of 108.
Website: Energetica India Word count 258
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power Completes Sale Transaction of Ships for $212.76 Million
https://www.energetica-india.net/news/tata-power-completes-sale-transaction-of-ships-for-21276-million
Trust Energy Resources Pte Ltd (TERPL), a wholly owned subsidiary of the Tata Power has announced today the completion of sale
of its three ships viz. MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany
for a consideration of USD 212.76 million. TERPL will now cater to the shipping requirements of the Company's imported coal-based
CGPL plant at Mundra under an asset light model which will help unlock significant value and returns for the Company's shareholders.
The sale proceeds will be used towards reducing the debt as well as to fund future growth plans.Praveer Sinha, CEO & MD, Tata
Power said, The sale of our shipping assets announced today is in line with our long term plans to reduce debt and raise funds to
invest in our future growth plans, including expanding our presence in the renewable energy business.The sale includes existing long-
term contracts associated with the ships with M/s. Oldendorff Carriers GmbH & Co. KG Germany which is one of the largest dry-
bulk shipping companies in the world. Each year, Oldendorff carries about 320 million tons of bulk and unitised cargo around the world
and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at any one time.This
is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.
Back To Index
Page 67 of 108.
Website: Equity Bulls Word count 327
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes Sale transaction of ships for USD 212.76 million
http://www.equitybulls.com/admin/news2006/news_det.asp?id=269655
Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly owned subsidiary of the Tata Power has announced today the
completion of sale of its three ships viz. MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH &
Co. KG, Germany for a consideration of USD 212.76 million. TERPL will now cater to the shipping requirements of the Company's
imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant value and returns for the
Company's shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth plans.Mr. Praveer
Sinha, CEO & MD, Tata Power said, "The sale of our shipping assets announced today is in line with our long term plans to
reduce debt and raise funds to invest in our future growth plans, including expanding our presence in the renewable energy
business".The sale includes existing long-term contracts associated with the ships with M/s. Oldendorff Carriers GmbH & Co. KG
Germany which is one of the largest dry-bulk shipping companies in the world. Each year, Oldendorff carries about 320 million tons of
bulk and unitised cargo around the world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700
chartered and owned ships at any one time.This is the second asset sale by Tata Power in recent months after the divestment in
Cennergi in South Africa.Shares of TATA POWER CO.LTD. was last trading in BSE at Rs.50.4 as compared to the previous close of
Rs. 49.95. The total number of shares traded during the day was 2564624 in over 6982 trades.The stock hit an intraday high of Rs.
50.9 and intraday low of 49.95. The net turnover during the day was Rs. 129229721.
Back To Index
Page 68 of 108.
Website: ET Energyworld Word count 301
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for USD 212.76 million
https://energy.economictimes.indiatimes.com/news/power/tata-power-subsidiary-completes-sale-of-3-ships-for-usd-212-76-
million/76829357
TERPL will now cater to the shipping requirements of the company's imported coal-based Coastal Gujarat Power Ltd plant at Mundra
under an asset light model which will help unlock significant value and returns for the company's shareholders, the company added
NEW DELHI: Tata Power on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction for the
sale of its three ships for USD 212.76 million (around Rs 1,592 crore)."Singapore-based Trust Energy Resources Pte Ltd ( TERPL ),
a wholly-owned subsidiary of Tata Power has announced completion of sale of its three ships -- MV Trust Agility, MV Trust Integrity
and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany -- for a consideration of USD 212.76 million," Tata Power
said in a regulatory filing.TERPL will now cater to the shipping requirements of the company's imported coal-based Coastal Gujarat
Power Ltd (CGPL) plant at Mundra under an asset light model which will help unlock significant value and returns for the company's
shareholders, the company added.Tata Power said the sale proceeds will be used towards reducing the debt as well as to fund future
growth plans.Tata Power CEO and MD Praveer Sinha said, The sale of our shipping assets... is in line with our long term plans to
reduce debt and raise funds to invest in our future growth plans, including expanding our presence in the renewable energy
business.This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.Shares of
Tata Power were trading 0.40 per cent higher at Rs 50.60 apiece on BSE.Follow and connect with us on
Back To Index
Page 69 of 108.
Website: Haryana Today Word count 255
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.haryanatoday.in/news/tata-power-completes-sale-transaction-of-ships-for-21276-million20200707115501/
Jul 07, 2020 Mumbai (Maharashtra) [India, July 7 : Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned
subsidiary of the Tata Power, on Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH
& Co KG for 212.76 million dollars. The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity. TERPL will now cater
to shipping requirements of the company's imported coal-based CGPL plant at Mundra under an asset light model which will help
unlock significant value and returns for the shareholders. The sale proceeds will be used towards reducing the debt as well as to fund
future growth plans. "The sale of our shipping assets announced today is in line with our long-term plans to reduce debt and raise
funds to invest in our future growth plans, including expanding our presence in the renewable energy business," said CEO and
Managing Director Praveer Sinha. The sale includes existing long-term contracts associated with the ships with Oldendorff Carriers
which is one of the largest dry-bulk shipping companies in the world. Each year, it carries about 320 million tonnes of bulk and unitised
cargo around the world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned
ships at any one time. This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.
Back To Index
Page 70 of 108.
Website: Hi India Word count 255
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.hiindia.com/blog/2020/07/07/tata-power-completes-sale-transaction-of-ships-for-212-76-million/
By Mumbai (Maharashtra) [India, July 7 (ANI): Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary
of the Tata Power, on Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co
KG for 212.76 million dollars. The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity. TERPL will now cater to shipping
requirements of the company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant
value and returns for the shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth
plans. The sale of our shipping assets announced today is in line with our long-term plans to reduce debt and raise funds to invest in
our future growth plans, including expanding our presence in the renewable energy business, said CEO and Managing Director Praveer
Sinha. The sale includes existing long-term contracts associated with the ships with Oldendorff Carriers which is one of the largest
dry-bulk shipping companies in the world. Each year, it carries about 320 million tonnes of bulk and unitised cargo around the world
and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at any one time.
This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa. (ANI)
Back To Index
Page 71 of 108.
Website: HT Syndication Word count 139
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power's arm completes sale transaction of ships for $212.76 million
https://www.htsyndication.com/accord-fintech/article/tata-power-s-arm-completes-sale-transaction-of-ships-for--212.76-
million/43914147
India, July 7 -- Singapore-based Trust Energy Resources (TERPL), a wholly owned subsidiary of Tata Power, has completed sale of
its three ships viz. MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany for
a consideration of $212.76 million. TERPL will now cater to the shipping requirements of the Company's imported coal-based CGPL
plant at Mundra under an asset light model which will help unlock significant value and returns for the Company's shareholders. The
sale proceeds will be used towards reducing the debt as well as to fund future growth plans. Tata Power is India's largest integrated
power company.Published by HT Digital Content Services with permission from Accord Fintech....
Back To Index
Page 72 of 108.
Website: IIFL Word count 339
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power's arm Trust Energy Resources completes sale of its three ships to Oldendorff Carriers
GmbH
https://www.indiainfoline.com/article/news-top-story/tata-power-s-arm-trust-energy-resources-completes-sale-of-its-three-
ships-to-oldendorff-carriers-gmbh-120070700369_1.html
This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa. Singapore-based Trust
Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the Tata Power has announced today the completion of the sale of
its three ships viz. MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany for
a consideration of USD 212.76 million.This is the second asset sale by Tata Power in recent months after the divestment in Cennergi
in South Africa.TERPL will now cater to the shipping requirements of the Company's imported coal-based CGPL plant at Mundra under
an asset light model which will help unlock significant value and returns for the Company's shareholders. The sale proceeds will be
used towards reducing the debt as well as to fund future growth plans, the company said in the stock exchange.Praveer Sinha, CEO
& MD, Tata Power said, The sale of our shipping assets announced today is in line with our long term plans to reduce debt and
raise funds to invest in our future growth plans, including expanding our presence in the renewable energy business.The sale includes
existing long-term contracts associated with the ships with M/s. Oldendorff Carriers GmbH & Co. KG Germany which is one of
the largest dry-bulk shipping companies in the world. Each year, Oldendorff carries about 320 million tons of bulk and unitised cargo
around the world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at
any one time.The stock is currently trading at Rs50.65 up by Rs0.25 or 0.5% from its previous closing of Rs50.40 on the BSE.The
scrip opened at Rs50.50 and has touched a high and low of Rs51.05 and Rs50.10 respectively.
Back To Index
Page 73 of 108.
Website: India Global News Word count 305
Published Date 7 Jul 2020 Journalist: PTI
Tata Power subsidiary completes sale of 3 ships for $212.76 million
http://glbnews.com/url.html?p=https://news.google.com/__i/rss/rd/articles/CBMiemh0dHBzOi8vd3d3Lm1vbmV5Y29udHJvb
C5jb20vbmV3cy9idXNpbmVzcy90YXRhLXBvd2VyLXN1YnNpZGlhcnktY29tcGxldGVzLXNhbGUtb2YtMy1zaGlwcy1mb3ItMjEy
LTc2LW1pbGxpb24tNTUxNzAzMS5odG1s0gF-
aHR0cHM6Ly93d3cubW9uZXljb250cm9sLmNvbS9uZXdzL2J1c2luZXNzL3RhdGEtcG93ZXItc3Vic2lkaWFyeS1jb21wbGV0ZX
Mtc2FsZS1vZi0zLXNoaXBzLWZvci0yMTItNzYtbWlsbGlvbi01NTE3MDMxLmh0bWwvYW1w?oc=5
"Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of Tata Power has announced completion of
sale of its three ships -- MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany
-- for a consideration of USD 212.76 million," Tata Power said in a regulatory filing. PTI Tata Power on Tuesday said its Singapore-
based subsidiary Trust Energy Resources completed the transaction for the sale of its three ships for USD 212.76 million (around Rs
1,592 crore). "Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of Tata Power has announced
completion of sale of its three ships -- MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH &
Co. KG, Germany -- for a consideration of USD 212.76 million," Tata Power said in a regulatory filing. TERPL will now cater to the
shipping requirements of the company's imported coal-based Coastal Gujarat Power Ltd (CGPL) plant at Mundra under an asset light
model which will help unlock significant value and returns for the company's shareholders, the company added. Tata Power said the
sale proceeds will be used towards reducing the debt as well as to fund future growth plans. Tata Power CEO and MD Praveer Sinha
said, The sale of our shipping assets... is in line with our long term plans to reduce debt and raise funds to invest in our future growth
plans, including expanding our presence in the renewable energy business. This is the second asset sale by Tata Power in recent
months after the divestment in Cennergi in South Africa. Shares of Tata Power were trading 0.40 percent higher at Rs 50.60 apiece
on BSE.
Back To Index
Page 74 of 108.
Website: India Global News Word count 424
Published Date 7 Jul 2020 Journalist: Rachita Prasad
Tata Power subsidiary completes sale of 3 ships for USD 212.76 million
http://glbnews.com/url.html?p=https://news.google.com/__i/rss/rd/articles/CBMimgFodHRwczovL2Vjb25vbWljdGltZXMuaW
5kaWF0aW1lcy5jb20vaW5kdXN0cnkvZW5lcmd5L3Bvd2VyL3RhdGEtcG93ZXItc3Vic2lkaWFyeS1jb21wbGV0ZXMtc2FsZS1vZi
0zLXNoaXBzLWZvci11c2QtMjEyLTc2LW1pbGxpb24vYXJ0aWNsZXNob3cvNzY4Mjg4OTMuY21z0gGVAWh0dHBzOi8vbS5lY2
9ub21pY3RpbWVzLmNvbS9pbmR1c3RyeS9lbmVyZ3kvcG93ZXIvdGF0YS1wb3dlci1zdWJzaWRpYXJ5LWNvbXBsZXRlcy1zY
WxlLW9mLTMtc2hpcHMtZm9yLXVzZC0yMTItNzYtbWlsbGlvbi9hbXBfYXJ0aWNsZXNob3cvNzY4Mjg4OTMuY21z?oc=5
Tata Power CEO and MD Praveer Sinha said, The sale of our shipping assets... is in line with our long term plans to reduce debt and
raise funds to invest in our future growth plans, including expanding our presence in the renewable energy business. Tata Power
Company's Singapore-based arm has completed the sale of its three ships to Germany's Oldendorff Carriers GmbH & Company
for $ 212.76 million (around Rs 1,594 crore), the Tata group power utility said on Tuesday. In June, Tata Power had said that its arm
Trust Energy Resources Pte has signed definitive agreements to sell the three ships as a part of the company's strategy to divest non-
core and operations and some overseas assets to pare debt. The sale of our shipping assets announced today is in line with our long
term plans to reduce debt and raise funds to invest in our future growth plans, including expanding our presence in the renewable
energy business, said Praveer Sinha, chief executive officer and managing director of Tata Power. Sale of the ships MV Trust Agility,
MV Trust Integrity and MV Trust Amity is likely to be concluded in the next three to four weeks, subject to necessary regulatory
approvals, the Tata Group utility said. The sale agreement for the three ships-- MV Trust Agility, MV Trust Integrity and MV Trust
Amity-- includes existing long-term freight contracts associated with the ships with Oldendorff Carriers, one of the largest dry-bulk
shipping companies in the world. TERPL will now cater to the shipping requirements of the Company's imported coal-based CGPL
plant at Mundra under an asset light model which will help unlock significant value and returns for the Company's shareholders, the
company said. Tata Power aims to cut debt by at around 40% to Rs 25,000 crore this financial year, Sinha had told ET in an interview
published on June 2. The company had reduced its debt-to-equity ratio from 2.19 to 1.99 in FY20 and aims to reduce it to below 1.5
in FY21. Tata Power acquired stakes in coal mines and bought ships to ensure backward integration about a decade ago. This also
helped the utility expand its global presence. But changes in the macro-economic environment and rising debt made the company
change its strategy. (Catch all the Business News Breaking News Events and Latest News Updates on The Economic Times
Back To Index
Page 75 of 108.
Website: Indian Economic Observer Word count 253
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.indianeconomicobserver.com/news/tata-power-completes-sale-transaction-of-ships-for-21276-
million20200707115501/
Mumbai (Maharashtra) [India, July 7 : Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the
Tata Power, on Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG
for 212.76 million dollars. The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity. TERPL will now cater to shipping
requirements of the company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant
value and returns for the shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth
plans. "The sale of our shipping assets announced today is in line with our long-term plans to reduce debt and raise funds to invest in
our future growth plans, including expanding our presence in the renewable energy business," said CEO and Managing Director
Praveer Sinha. The sale includes existing long-term contracts associated with the ships with Oldendorff Carriers which is one of the
largest dry-bulk shipping companies in the world. Each year, it carries about 320 million tonnes of bulk and unitised cargo around the
world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at any one
time. This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.
Back To Index
Page 76 of 108.
Website: Indian News Network Word count 253
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.indiannewsnetwork.net/news/tata-power-completes-sale-transaction-of-ships-for-21276-
million20200707115501/
Mumbai (Maharashtra) [India, July 7 : Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the
Tata Power, on Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG
for 212.76 million dollars. The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity. TERPL will now cater to shipping
requirements of the company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant
value and returns for the shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth
plans. "The sale of our shipping assets announced today is in line with our long-term plans to reduce debt and raise funds to invest in
our future growth plans, including expanding our presence in the renewable energy business," said CEO and Managing Director
Praveer Sinha. The sale includes existing long-term contracts associated with the ships with Oldendorff Carriers which is one of the
largest dry-bulk shipping companies in the world. Each year, it carries about 320 million tonnes of bulk and unitised cargo around the
world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at any one
time. This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.
Back To Index
Page 77 of 108.
Website: IPM News Word count 261
Published Date 7 Jul 2020 Journalist: epune metro
Tata Power completes Sale transaction of ships for USD 212.76 million
https://epunemetro.com/news/6322
National: Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly owned subsidiary of the Tata Power has announced
today the completion of sale of its three ships viz. MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH
& Co. KG, Germany for a consideration of USD 212.76 million. TERPL will now cater to the shipping requirements of the
Company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant value and retu
rns for the Company's shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth plans.
Mr. Praveer Sinha, CEO & MD, Tata Power said, The sale of our shipping assets announced today is in line with our long term
plans to reduce debt and raise funds to invest in our future growth plans, including expanding our presence in the renewable energy
business. The sale includes existing long-term contracts associated with the ships with M/s. Oldendorff Carriers GmbH & Co. KG
Germany which is one of the largest dry-bulk shipping companies in the world. Each year, Oldendorff carries about 320 million tons of
bulk and unitised cargo around the world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700
chartered and owned ships at any one time. This is the second asset sale by Tata Power in recent months after the divestment in
Cennergi in South Africa.
Back To Index
Page 78 of 108.
Website: Jharkhand Times Word count 253
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.jharkhandtimes.in/news/tata-power-completes-sale-transaction-of-ships-for-21276-million20200707115501/
Mumbai (Maharashtra) [India, July 7 : Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the
Tata Power, on Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG
for 212.76 million dollars. The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity. TERPL will now cater to shipping
requirements of the company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant
value and returns for the shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth
plans. "The sale of our shipping assets announced today is in line with our long-term plans to reduce debt and raise funds to invest in
our future growth plans, including expanding our presence in the renewable energy business," said CEO and Managing Director
Praveer Sinha. The sale includes existing long-term contracts associated with the ships with Oldendorff Carriers which is one of the
largest dry-bulk shipping companies in the world. Each year, it carries about 320 million tonnes of bulk and unitised cargo around the
world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at any one
time. This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.
Back To Index
Page 79 of 108.
Website: Karnataka Live Word count 253
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.karnatakalive.in/news/tata-power-completes-sale-transaction-of-ships-for-21276-million20200707115501/
Mumbai (Maharashtra) [India, July 7 : Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the
Tata Power, on Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG
for 212.76 million dollars. The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity. TERPL will now cater to shipping
requirements of the company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant
value and returns for the shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth
plans. "The sale of our shipping assets announced today is in line with our long-term plans to reduce debt and raise funds to invest in
our future growth plans, including expanding our presence in the renewable energy business," said CEO and Managing Director
Praveer Sinha. The sale includes existing long-term contracts associated with the ships with Oldendorff Carriers which is one of the
largest dry-bulk shipping companies in the world. Each year, it carries about 320 million tonnes of bulk and unitised cargo around the
world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at any one
time. This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.
Back To Index
Page 80 of 108.
Website: Kashmir Breaking News Word count 253
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.kashmirbreakingnews.com/news/tata-power-completes-sale-transaction-of-ships-for-21276-
million20200707115501/
Mumbai (Maharashtra) [India, July 7 : Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the
Tata Power, on Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG
for 212.76 million dollars. The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity. TERPL will now cater to shipping
requirements of the company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant
value and returns for the shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth
plans. "The sale of our shipping assets announced today is in line with our long-term plans to reduce debt and raise funds to invest in
our future growth plans, including expanding our presence in the renewable energy business," said CEO and Managing Director
Praveer Sinha. The sale includes existing long-term contracts associated with the ships with Oldendorff Carriers which is one of the
largest dry-bulk shipping companies in the world. Each year, it carries about 320 million tonnes of bulk and unitised cargo around the
world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at any one
time. This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.
Back To Index
Page 81 of 108.
Website: Kashmir Newsline Word count 253
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.kashmirnewsline.in/news/tata-power-completes-sale-transaction-of-ships-for-21276-million20200707115501/
Mumbai (Maharashtra) [India, July 7 : Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the
Tata Power, on Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG
for 212.76 million dollars. The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity. TERPL will now cater to shipping
requirements of the company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant
value and returns for the shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth
plans. "The sale of our shipping assets announced today is in line with our long-term plans to reduce debt and raise funds to invest in
our future growth plans, including expanding our presence in the renewable energy business," said CEO and Managing Director
Praveer Sinha. The sale includes existing long-term contracts associated with the ships with Oldendorff Carriers which is one of the
largest dry-bulk shipping companies in the world. Each year, it carries about 320 million tonnes of bulk and unitised cargo around the
world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at any one
time. This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.
Back To Index
Page 82 of 108.
Website: Latest LY Word count 285
Published Date 7 Jul 2020 Journalist: Bureau
Business News | Tata Power Completes Sale Transaction of Ships for $212.76 Million
https://www.latestly.com/agency-news/business-news-tata-power-completes-sale-transaction-of-ships-for-212-76-million-
1872120.html
Mumbai (Maharashtra) [India, July 7 (ANI): Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of
the Tata Power, on Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG for
212.76 million dollars.The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity.Also Read | Kasautii Zindagii Kay 2: Karan
Patel In His 'Salt-n-Pepper' Look As Rishab Bajaj Wins Us Over (View Pics).TERPL will now cater to shipping requirements of the
company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant value and returns
for the shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth plans."The sale of our
shipping assets announced today is in line with our long-term plans to reduce debt and raise funds to invest in our future growth plans,
including expanding our presence in the renewable energy business," said CEO and Managing Director Praveer Sinha.Also Read |
#GlobalForgivenessDay Trends on Twitter: Trending Topics, Viral Videos and Funny Memes of The Day.The sale includes existing
long-term contracts associated with the ships with Oldendorff Carriers which is one of the largest dry-bulk shipping companies in the
world.Each year, it carries about 320 million tonnes of bulk and unitised cargo around the world and performs 14,000 port calls in 125
countries. On average, Oldendorff operates 700 chartered and owned ships at any one time.This is the second asset sale by Tata
Power in recent months after the divestment in Cennergi in South Africa. (ANI)(This is an unedited and auto-generated story from
Syndicated News feed, LatestLY Staff may not have modified or edited the content body)
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Page 83 of 108.
Website: Lokmat Word count 254
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://english.lokmat.com/business/tata-power-completes-sale-transaction-of-ships-for-21276-million/
Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the Tata Power, on Tuesday announced
the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG for 212.76 million dollars. The ships
are MV Trust Agility, MV Trust Integrity and MV Trust Amity. TERPL will now cater to shipping requirements of the company's imported
coal-based CGPL plant at Mundra under an asset light model which will help unlock significant value and returns for the shareholders.
The sale proceeds will be used towards reducing the debt as well as to fund future growth plans. "The sale of our shipping assets
announced today is in line with our long-term plans to reduce debt and raise funds to invest in our future growth plans, including
expanding our presence in the renewable energy business," said CEO and Managing Director Praveer Sinha. The sale includes
existing long-term contracts associated with the ships with Oldendorff Carriers which is one of the largest dry-bulk shipping compes in
the world. Each year, it carries about 320 million tonnes of bulk and unitised cargo around the world and performs 14,000 port calls in
125 countries. On average, Oldendorff operates 700 chartered and owned ships at any one time. This is the second asset sale by
Tata Power in recent months after the divestment in Cennergi in South Africa. ( With inputs from ANI ) Related Stories
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Page 84 of 108.
Website: Malaysia Sun Word count 226
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.malaysiasun.com/news/265695785/tata-power-completes-sale-transaction-of-ships-for-21276-million
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Page 85 of 108.
Website: Market Screener Word count 235
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power : completes Sale transaction of ships for USD 212.76 million
https://www.marketscreener.com/THE-TATA-POWER-COMPANY-LI-46728665/news/Tata-Power-completes-Sale-
transaction-of-ships-for-USD-212-76-million-30885682/
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Page 86 of 108.
Website: Moneycontrol Word count 305
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for $212.76 million
https://www.moneycontrol.com/news/business/tata-power-subsidiary-completes-sale-of-3-ships-for-212-76-million-
5517031.html
"Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of Tata Power has announced completion of
sale of its three ships -- MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany
-- for a consideration of USD 212.76 million," Tata Power said in a regulatory filing.Tata Poweron Tuesday said its Singapore-based
subsidiary Trust Energy Resources completed the transaction for the sale of its three ships for USD 212.76 million (around Rs 1,592
crore)."Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of Tata Power has announced
completion of sale of its three ships -- MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH &
Co. KG, Germany -- for a consideration of USD 212.76 million," Tata Power said in a regulatory filing.TERPL will now cater to the
shipping requirements of the company's imported coal-based Coastal Gujarat Power Ltd (CGPL) plant at Mundra under an asset light
model which will help unlock significant value and returns for the company's shareholders, the company added.CloseTata Power said
the sale proceeds will be used towards reducing the debt as well as to fund future growth plans.Tata Power CEO and MD Praveer
Sinha said, The sale of our shipping assets... is in line with our long term plans to reduce debt and raise funds to invest in our future
growth plans, including expanding our presence in the renewable energy business.This is the second asset sale by Tata Power in
recent months after the divestment in Cennergi in South Africa.Shares of Tata Power were trading 0.40 percent higher at Rs 50.60
apiece on BSE.
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Page 87 of 108.
Website: My Times Now Word count 58
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for USD 212.76 million
https://www.mytimesnow.com/news/business/1947956/tata-power-subsidiary-completes-sale-of-3-ships-for-usd-212-76-
million
Tata Power CEO and MD Praveer Sinha said, The sale of our shipping assets... is in line with our long term plans to reduce debt and
raise funds to invest in our future growth plans, including expanding our presence in the renewable energy business.
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Page 88 of 108.
Website: News Alert Word count 42
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of three ships for $212.76 million
http://newsalert.xyz/News/24375145/tata-power-subsidiary-completes-sale-of-three-ships-for-212-76-million
Tata Power said the sale proceeds will be used towards reducing the debt as well as to fund growth plans. 2k Followers 5k Followers
7.5k members 10k Followers
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Page 89 of 108.
Website: Newzz Word count 73
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for $212.76 million
https://newzz.in/business/tata-power-subsidiary-completes-sale-of-3-ships-for-21276-
million/16882344318435808642/16882344318435808642/
Tata Power on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction for the sale of its
three ships for USD 212.76 million (around Rs 1,592 crore). Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-
owned subsidiary of Tata Power has announced completion of ... Read the full text financialexpress More related news
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Page 90 of 108.
Website: Odisha Post Word count 254
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.odishapost.news/news/tata-power-completes-sale-transaction-of-ships-for-21276-million20200707115501/
Mumbai (Maharashtra) [India, July 7 : Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the
Tata Power, on Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG
for 212.76 million dollars. The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity.TERPL will now cater to shipping
requirements of the company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant
value and returns for the shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth
plans."The sale of our shipping assets announced today is in line with our long-term plans to reduce debt and raise funds to invest in
our future growth plans, including expanding our presence in the renewable energy business," said CEO and Managing Director
Praveer Sinha.The sale includes existing long-term contracts associated with the ships with Oldendorff Carriers which is one of the
largest dry-bulk shipping companies in the world.Each year, it carries about 320 million tonnes of bulk and unitised cargo around the
world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at any one
time.This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.
Back To Index
Page 91 of 108.
Website: Outlook Word count 260
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for USD 212.76 million
https://www.outlookindia.com/newsscroll/tata-power-subsidiary-completes-sale-of-3-ships-for-usd-21276-million/1888171
New Delhi, Jul 7 (PTI) Tata Power on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction
for the sale of its three ships for USD 212.76 million (around Rs 1,592 crore). "Singapore-based Trust Energy Resources Pte Ltd
(TERPL), a wholly-owned subsidiary of Tata Power has announced completion of sale of its three ships -- MV Trust Agility, MV Trust
Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany -- for a consideration of USD 212.76 million," Tata
Power said in a regulatory filing.TERPL will now cater to the shipping requirements of the company''s imported coal-based Coastal
Gujarat Power Ltd (CGPL) plant at Mundra under an asset light model which will help unlock significant value and returns for the
company''s shareholders, the company added.Tata Power said the sale proceeds will be used towards reducing the debt as well as to
fund future growth plans.Tata Power CEO and MD Praveer Sinha said, The sale of our shipping assets... is in line with our long term
plans to reduce debt and raise funds to invest in our future growth plans, including expanding our presence in the renewable energy
business.This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.Shares of
Tata Power were trading 0.40 per cent higher at Rs 50.60 apiece on BSE. PTI SVK ANS ANS
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Page 92 of 108.
Website: Projects Today Word count 147
Published Date 7 Jul 2020 Journalist: Bureau
Trust Energy Resources completes sale transaction of ships
https://www.projectstoday.com/News/Trust-Energy-Resources-completes-sale-transaction-of-ships
Singapore-based Trust Energy Resources (TERPL), a wholly-owned subsidiary of the Tata Power, has completed sale of its three
ships -- MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers for a consideration of USD 212.76 million.
TERPL will now cater to the shipping requirements of the company's imported coal-based CGPL plant at Mundra in Gujarat under an
asset light model which will help unlock significant value and returns for the company's shareholders.The sale proceeds will be used
towards reducing the debt as well as to fund future growth plans.The sale of the shipping assets announced is in line with the companys
long term plans to reduce debt and raise funds to invest in future growth plans, including expanding its presence in the renewable
energy business.
Back To Index
Page 93 of 108.
Website: Punjab Live Word count 253
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.punjablive.news/news/tata-power-completes-sale-transaction-of-ships-for-21276-million20200707115501/
Mumbai (Maharashtra) [India, July 7 : Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the
Tata Power, on Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG
for 212.76 million dollars. The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity. TERPL will now cater to shipping
requirements of the company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant
value and returns for the shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth
plans. "The sale of our shipping assets announced today is in line with our long-term plans to reduce debt and raise funds to invest in
our future growth plans, including expanding our presence in the renewable energy business," said CEO and Managing Director
Praveer Sinha. The sale includes existing long-term contracts associated with the ships with Oldendorff Carriers which is one of the
largest dry-bulk shipping companies in the world. Each year, it carries about 320 million tonnes of bulk and unitised cargo around the
world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at any one
time. This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.
Back To Index
Page 94 of 108.
Website: Punjab Tribune Word count 267
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
http://www.punjabtribune.com/news/218116-tata-power-completes-sale-transaction-of-ships-for-21276-million.aspx
The sale includes existing long-term contracts associated with the ships. Mumbai (Maharashtra) [India, July 7 (ANI): Singapore-based
Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the Tata Power, on Tuesday announced the completion of a
sale of its three ships to German Oldendorff Carriers GmbH & Co KG for 212.76 million dollars.The ships are MV Trust Agility,
MV Trust Integrity and MV Trust Amity.TERPL will now cater to shipping requirements of the company's imported coal-based CGPL
plant at Mundra under an asset light model which will help unlock significant value and returns for the shareholders. The sale proceeds
will be used towards reducing the debt as well as to fund future growth plans."The sale of our shipping assets announced today is in
line with our long-term plans to reduce debt and raise funds to invest in our future growth plans, including expanding our presence in
the renewable energy business," said CEO and Managing Director Praveer Sinha.The sale includes existing long-term contracts
associated with the ships with Oldendorff Carriers which is one of the largest dry-bulk shipping companies in the world.Each year, it
carries about 320 million tonnes of bulk and unitised cargo around the world and performs 14,000 port calls in 125 countries. On
average, Oldendorff operates 700 chartered and owned ships at any one time.This is the second asset sale by Tata Power in recent
months after the divestment in Cennergi in South Africa. (ANI)
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Page 95 of 108.
Website: Sakal Times Word count 249
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sales transaction of ships worth USD 12.76 million
https://www.sakaltimes.com/business/tata-power-completes-sales-transaction-ships-worth-usd-1276-million-52946
Mumbai: Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the Tata Power, has announced
today the completion of its sale of three ships -- viz MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers
GmbH, and Company KG, Germany, for a consideration of USD 212.76 million. TERPL will now cater to the shipping requirements of
the company's imported coal-based CGPL plant at Mundra, under an asset-light model, which will help unlock significant value and
returns for the company's shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth
plans.Praveer Sinha, Chief Executive Officer and Managing Director, (CEO and MD) of the Tata Power said, "The sale of our shipping
assets announced today is in line with our long term plans to reduce debt and raise funds to invest in our future growth plans, including
expanding our presence in the renewable energy business".The sale includes existing long-term contracts associated with the ships
with Messers Oldendorff Carriers GmbH & Co. KG Germany which is one of the largest dry-bulk shipping companies in the world.
Each year, Oldendorff carries about 320 million tons of bulk and unitised cargo around the world and performs 14,000 port calls in 125
countries. On average, Oldendorff operates 700 chartered and owned ships at any one time.
Back To Index
Page 96 of 108.
Website: Stocks Market Word count 314
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for $212.76 million
https://stocksmarket.in/348888/2020/07/07/tata-power-subsidiary-completes-sale-of-3-ships-for-212-76-million/
Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of Tata Power has announced completion of
sale of its three ships MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany
for a consideration of USD 212.76 million, Tata Power said in a regulatory filing. Tata Power on Tuesday said its Singapore-based
subsidiary Trust Energy Resources completed the transaction for the sale of its three ships for USD 212.76 million (around Rs 1,592
crore). Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of Tata Power has announced
completion of sale of its three ships MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co.
KG, Germany for a consideration of USD 212.76 million, Tata Power said in a regulatory filing. TERPL will now cater to the shipping
requirements of the company's imported coal-based Coastal Gujarat Power Ltd (CGPL) plant at Mundra under an asset light model
which will help unlock significant value and returns for the company's shareholders, the company added. Tata Power said the sale
proceeds will be used towards reducing the debt as well as to fund future growth plans. related news Tata Power CEO and MD Praveer
Sinha said, The sale of our shipping assets is in line with our long term plans to reduce debt and raise funds to invest in our future
growth plans, including expanding our presence in the renewable energy business. This is the second asset sale by Tata Power in
recent months after the divestment in Cennergi in South Africa. Shares of Tata Power were trading 0.40 percent higher at Rs 50.60
apiece on BSE. First Published on Jul 7, 2020 12:21 pm
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Page 97 of 108.
Website: The Economic Times Word count 310
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for USD 212.76 million
https://economictimes.indiatimes.com/industry/energy/power/tata-power-subsidiary-completes-sale-of-3-ships-for-usd-212-
76-million/articleshow/76828893.cms
Tata Power CEO and MD Praveer Sinha said, The sale of our shipping assets... is in line with our long term plans to reduce debt and
raise funds to invest in our future growth plans, including expanding our presence in the renewable energy business. Tata Power on
Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction for the sale of its three ships for USD
212.76 million (around Rs 1,592 crore). "Singapore-based Trust Energy Resources Pte Ltd ( TERPL ), a wholly-owned subsidiary of
Tata Power has announced completion of sale of its three ships -- MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff
Carriers GmbH & Co. KG, Germany -- for a consideration of USD 212.76 million," Tata Power said in a regulatory filing. TERPL
will now cater to the shipping requirements of the company's imported coal-based Coastal Gujarat Power Ltd (CGPL) plant at Mundra
under an asset light model which will help unlock significant value and returns for the company's shareholders, the company added.
Tata Power said the sale proceeds will be used towards reducing the debt as well as to fund future growth plans. Tata Power CEO
and MD Praveer Sinha said, The sale of our shipping assets... is in line with our long term plans to reduce debt and raise funds to
invest in our future growth plans, including expanding our presence in the renewable energy business. This is the second asset sale
by Tata Power in recent months after the divestment in Cennergi in South Africa. Shares of Tata Power were trading 0.40 per cent
higher at Rs 50.60 apiece on BSE. (Catch all the Business News Breaking News Events and Latest News Updates on The Economic
Times
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Page 98 of 108.
Website: The Financial Express Word count 340
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for $212.76 million
https://www.financialexpress.com/industry/tata-power-subsidiary-completes-sale-of-3-ships-for-212-76-million/2015780/
Tata Power on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction for the sale of its
three ships for USD 212.76 million (around Rs 1,592 crore). Tata Power, Tata Power subsidiary,TERPL, Shares of Tata Power,latest
news on tata powerXTata Power said the sale proceeds will be used towards reducing the debt as well as to fund future growth
plans.Tata Power on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction for the sale of
its three ships for USD 212.76 million (around Rs 1,592 crore).Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-
owned subsidiary of Tata Power has announced completion of sale of its three ships MV Trust Agility, MV Trust Integrity and MV Trust
Amity to Oldendorff Carriers GmbH & Co. KG, Germany for a consideration of USD 212.76 million, Tata Power said in a regulatory
filing.TERPL will now cater to the shipping requirements of the companys imported coal-based Coastal Gujarat Power Ltd (CGPL)
plant at Mundra under an asset light model which will help unlock significant value and returns for the companys shareholders, the
company added.Tata Power said the sale proceeds will be used towards reducing the debt as well as to fund future growth plans.Tata
Power CEO and MD Praveer Sinha said, The sale of our shipping assets is in line with our long term plans to reduce debt and raise
funds to invest in our future growth plans, including expanding our presence in the renewable energy business.This is the second
asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.Shares of Tata Power were trading 0.40
per cent higher at Rs 50.60 apiece on BSE.mail logoSubscribe to FE Daily Newsletter for latest updates on markets, business, money,
infra & more, right in your mailbox
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Page 99 of 108.
Website: The Hawk Word count 251
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
http://www.thehawk.in/business/tata-power-completes-sale-transaction-of-ships-for-21276-million-159654
Mumbai (Maharashtra): Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the Tata Power, on
Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG for 212.76 million
dollars. The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity. TERPL will now cater to shipping requirements of the
company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant value and returns
for the shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth plans. "The sale of
our shipping assets announced today is in line with our long-term plans to reduce debt and raise funds to invest in our future growth
plans, including expanding our presence in the renewable energy business," said CEO and Managing Director Praveer Sinha. The
sale includes existing long-term contracts associated with the ships with Oldendorff Carriers which is one of the largest dry-bulk
shipping companies in the world. Each year, it carries about 320 million tonnes of bulk and unitised cargo around the world and
performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at any one time. This is
the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa. (ANI)
Back To Index
Page 100 of 108.
Website: The New Indian Express Word count 271
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for USD 212.76 million
https://www.newindianexpress.com/business/2020/jul/07/tata-power-completes-sale-transaction-of-ships-for-usd-21276-
million-2166542.html
This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa. MUMBAI: Singapore-
based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the Tata Power, on Tuesday announced the completion
of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG for 212.76 million dollars.The ships are MV Trust Agility,
MV Trust Integrity and MV Trust Amity.TERPL will now cater to shipping requirements of the company's imported coal-based CGPL
plant at Mundra under an asset light model which will help unlock significant value and returns for the shareholders. The sale proceeds
will be used towards reducing the debt as well as to fund future growth plans."The sale of our shipping assets announced today is in
line with our long-term plans to reduce debt and raise funds to invest in our future growth plans, including expanding our presence in
the renewable energy business," said CEO and Managing Director Praveer Sinha.The sale includes existing long-term contracts
associated with the ships with Oldendorff Carriers which is one of the largest dry-bulk shipping companies in the world.Each year, it
carries about 320 million tonnes of bulk and unitised cargo around the world and performs 14,000 port calls in 125 countries. On
average, Oldendorff operates 700 chartered and owned ships at any one time.This is the second asset sale by Tata Power in recent
months after the divestment in Cennergi in South Africa.
Back To Index
Page 101 of 108.
Website: The Smart Investor Word count 248
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of three ships for $212.76 million Poll
https://smartinvestor.business-standard.com/market/Compnews-648942-Compnewsdet-
Tata_Power_subsidiary_completes_sale_of_three_ships_for_21276_million.htm
Tata Power on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction for the sale of its
three ships for $212.76 million (around Rs 1,592 crore). "Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned
subsidiary of Tata Power has announced completion of sale of its three ships -- MV Trust Agility, MV Trust Integrity and MV Trust
Amity to Oldendorff Carriers GmbH & Co. KG, Germany -- for a consideration of $212.76 million," Tata Power said in a regulatory
filing.TERPL will now cater to the shipping requirements of the company's imported coal-based Coastal Gujarat Power Ltd (CGPL)
plant at Mundra under an asset light model which will help unlock significant value and returns for the company's shareholders, the
company added.Tata Power said the sale proceeds will be used towards reducing the debt as well as to fund growth plans.Tata Power
CEO and MD Praveer Sinha said, The sale of our shipping assets... is in line with our long term plans to reduce debt and raise funds
to invest in our future growth plans, including expanding our presence in the renewable energy business.This is the second asset sale
by Tata Power in recent months after the divestment in Cennergi in South Africa.Shares of Tata Power were trading 0.40 per cent
higher at Rs 50.60 apiece on BSE.
Back To Index
Page 102 of 108.
Website: Thefoodera Word count 217
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for USD 212.76 million
http://thefoodera.com/tata-power-subsidiary-completes-sale-of-3-ships-for-usd-212-76-million/
Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of Tata Power has announced completion of sale of its three
ships MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany for a
consideration of USD 212.76 million, Tata Power said in a regulatory filing. TERPL will now cater to the shipping requirements of the
company's imported coal-based Coastal Gujarat Power Ltd (CGPL) plant at Mundra under an asset light model which will help unlock
significant value and returns for the company's shareholders, the company added. Tata Power said the sale proceeds will be used
towards reducing the debt as well as to fund future growth plans. Tata Power CEO and MD Praveer Sinha said, The sale of our
shipping assets is in line with our long term plans to reduce debt and raise funds to invest in our future growth plans, including
expanding our presence in the renewable energy business. This is the second asset sale by Tata Power in recent months after the
divestment in Cennergi in South Africa. Shares of Tata Power were trading 0.40 per cent higher at Rs 50.60 apiece on BSE. Source
link
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Page 103 of 108.
Website: Web India 123 Word count 250
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://news.webindia123.com/news/Articles/Business/20200707/3588474.html
Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the Tata Power, on Tuesday announced
the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG for 212.76 million dollars. The ships are
MV Trust Agility, MV Trust Integrity and MV Trust Amity.TERPL will now cater to shipping requirements of the company's imported
coal-based CGPL plant at Mundra under an asset light model which will help unlock significant value and returns for the shareholders.
The sale proceeds will be used towards reducing the debt as well as to fund future growth plans."The sale of our shipping assets
announced today is in line with our long-term plans to reduce debt and raise funds to invest in our future growth plans, including
expanding our presence in the renewable energy business," said CEO and Managing Director Praveer Sinha.The sale includes existing
long-term contracts associated with the ships with Oldendorff Carriers which is one of the largest dry-bulk shipping companies in the
world.Each year, it carries about 320 million tonnes of bulk and unitised cargo around the world and performs 14,000 port calls in 125
countries. On average, Oldendorff operates 700 chartered and owned ships at any one time.This is the second asset sale by Tata
Power in recent months after the divestment in Cennergi in South Africa. (ANI)
Back To Index
Page 104 of 108.
Website: West Bengal Khabar Word count 253
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://www.westbengalkhabar.in/news/tata-power-completes-sale-transaction-of-ships-for-21276-million20200707115501/
Mumbai (Maharashtra) [India, July 7 : Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of the
Tata Power, on Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co KG
for 212.76 million dollars. The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity. TERPL will now cater to shipping
requirements of the company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant
value and returns for the shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth
plans. "The sale of our shipping assets announced today is in line with our long-term plans to reduce debt and raise funds to invest in
our future growth plans, including expanding our presence in the renewable energy business," said CEO and Managing Director
Praveer Sinha. The sale includes existing long-term contracts associated with the ships with Oldendorff Carriers which is one of the
largest dry-bulk shipping companies in the world. Each year, it carries about 320 million tonnes of bulk and unitised cargo around the
world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at any one
time. This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.
Back To Index
Page 105 of 108.
Website: Yahoo Finance India Word count 415
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power Co. gains on completion of ship sale for $212.76 million
https://in.finance.yahoo.com/news/tata-power-co-gains-completion-084400866.html
Singapore-based Trust Energy Resources Pte (TERPL), a wholly owned subsidiary of the Tata Power, has informed regarding the
completion of sale of its three ships viz. MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH &
Co. KG, Germany for a total consideration of $212.76 million.TERPL will now cater to the shipping requirements of the company's
imported coal-based CGPL plant at Mundra, Gujarat under an asset light model which will help unlock significant value and returns for
its shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth plans.The sale includes
existing long-term contracts associated with the ships with M/s Oldendorff Carriers GmbH & Co. KG Germany which is one of the
largest dry-bulk shipping companies in the world. Each year, Oldendorff carries about 320 million tons of bulk and unitised cargo
around the world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at
any one time. This is the second asset sale by Tata Power Company in recent months after the divestment in Cennergi in South
Africa.The press release was disclosed during market hours today, 7 July 2020.Commenting on the same, Praveer Sinha, the chief
executive officer (CEO) & managing director (MD) of Tata Power, has said that: "The sale of our shipping assets announced
today is in line with our long-term plans to reduce debt and raise funds to invest in our future growth plans, including expanding our
presence in the renewable energy business."On the technical front, the stock's RSI (relative strength index) stood at 75.513. The RSI
oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.The
stock was trading above its 50-day moving average (DMA) placed at 38.39 and its 200-day moving average (DMA) placed at 49.13.Tata
Power Co.'s consolidated net profit surged 176.7% to Rs 474.70 crore on 8.4% fall in net sales to Rs 6,620.80 crore in Q4 March 2020
over Q4 March 2019.Tata Power Co. is India's largest integrated power company and, together with its subsidiaries & jointly
controlled entities, has an installed/ managed capacity of 12,742 MW.Source: Capitalmarket.com
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Page 106 of 108.
Website: Yahoo Finance India Word count 256
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power completes sale transaction of ships for $212.76 million
https://in.finance.yahoo.com/news/tata-power-completes-sale-transaction-ships-212-76-062501125.html
Mumbai (Maharashtra) [India, July 7 (ANI): Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of
the Tata Power, on Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co
KG for 212.76 million dollars. The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity.TERPL will now cater to shipping
requirements of the company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant
value and returns for the shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth
plans."The sale of our shipping assets announced today is in line with our long-term plans to reduce debt and raise funds to invest in
our future growth plans, including expanding our presence in the renewable energy business," said CEO and Managing Director
Praveer Sinha.The sale includes existing long-term contracts associated with the ships with Oldendorff Carriers which is one of the
largest dry-bulk shipping companies in the world.Each year, it carries about 320 million tonnes of bulk and unitised cargo around the
world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at any one
time.This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa. (ANI)
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Page 107 of 108.
Website: Yahoo Finance India Word count 260
Published Date 7 Jul 2020 Journalist: Bureau
Tata Power subsidiary completes sale of 3 ships for USD 212.76 million
https://in.finance.yahoo.com/news/tata-power-subsidiary-completes-sale-064352209.html
New Delhi, Jul 7 (PTI) Tata Power on Tuesday said its Singapore-based subsidiary Trust Energy Resources completed the transaction
for the sale of its three ships for USD 212.76 million (around Rs 1,592 crore). 'Singapore-based Trust Energy Resources Pte Ltd
(TERPL), a wholly-owned subsidiary of Tata Power has announced completion of sale of its three ships -- MV Trust Agility, MV Trust
Integrity and MV Trust Amity to Oldendorff Carriers GmbH & Co. KG, Germany -- for a consideration of USD 212.76 million,'Tata
Power said in a regulatory filing.TERPL will now cater to the shipping requirements of the company's imported coal-based Coastal
Gujarat Power Ltd (CGPL) plant at Mundra under an asset light model which will help unlock significant value and returns for the
company's shareholders, the company added.Tata Power said the sale proceeds will be used towards reducing the debt as well as to
fund future growth plans.Tata Power CEO and MD Praveer Sinha said, The sale of our shipping assets... is in line with our long term
plans to reduce debt and raise funds to invest in our future growth plans, including expanding our presence in the renewable energy
business.This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.Shares of
Tata Power were trading 0.40 per cent higher at Rs 50.60 apiece on BSE. PTI SVK ANS ANS
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Page 108 of 108.
Website: Yahoo News India Word count 254
Published Date 7 Jul 2020 Journalist: ANI
Tata Power completes sale transaction of ships for $212.76 million
https://in.news.yahoo.com/tata-power-completes-sale-transaction-ships-212-76-062501125.html
Mumbai (Maharashtra) [India, July 7 (ANI): Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of
the Tata Power, on Tuesday announced the completion of a sale of its three ships to German Oldendorff Carriers GmbH & Co
KG for 212.76 million dollars. The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity. TERPL will now cater to shipping
requirements of the company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant
value and returns for the shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth
plans. "The sale of our shipping assets announced today is in line with our long-term plans to reduce debt and raise funds to invest in
our future growth plans, including expanding our presence in the renewable energy business," said CEO and Managing Director
Praveer Sinha. The sale includes existing long-term contracts associated with the ships with Oldendorff Carriers which is one of the
largest dry-bulk shipping companies in the world. Each year, it carries about 320 million tonnes of bulk and unitised cargo around the
world and performs 14,000 port calls in 125 countries. On average, Oldendorff operates 700 chartered and owned ships at any one
time. This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa. (ANI)
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