S&P downgrades outlook on Tata Power

Rating agency Standard & Poor’s (S&P) has revised downwards its outlook on Tata Power Company (TPC) to ‘stable’ from ‘positive’, citing slow progress on tariff revisions for Mundra project and delay in receiving the proceeds from the stake sale in its Indonesian coal mine.
The international rating outfit, however, has reaffirmed the `B+’ rating on the private utility. Downgrading the company, the agency said Tata Power’s cash flows and liquidity improvement are likely to delayed.
“We revised the outlook to stable from positive to reflect the likelihood that Tata Power’s cash flows and liquidity will improve slower than we earlier expected,” said S&P credit analyst Mehul Sukkawala.

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Amit Antil

After doing Power Management (MBA) from National Power Training Institute (NPTI), Amit Antil is now presently working with Today Green Energy Pvt. Ltd. and looking after business development activities for Solar. Earlier he was associated with leading power trading company Global Energy for 3 years. He has a sound knowledge about bidding, power trading, open access, REC trading, Govt. Liaisoning, Contract Negotiation, Power Purchase Agreement.

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