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The Mundra Project: Tata Power`s Mega Headache |
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INTRODUCTION |
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| In April 2017, India’s apex court, the Supreme Court, ruled that Coastal Gujarat Power Limited (CGPL), a key subsidiary of Tata Power Company Limited (Tata Power), could not charge compensatory tariffs from consumers. The ruling nullified earlier orders of the Appellate Tribunal for Electricity (APTEL) and the Central Electricity Regulatory Commission (CERC).The Supreme Court verdict came as a shock to Anil Sardana (Sardana), the then Managing Director of Tata Power who was already dealing with the huge accumulated loss of more than Rs. 60 billion in the company’s popular Ultra Mega Power project - Mundra project. ..
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