TATA POWER ARM TO RAISE 6000 CRORE FROM BLACK ROCK ,MUBADALA
The tata power is planning to raise 6000 crore from its shareholders and the key investors blackrock real assets and MUBADALA capita which is an abidabi based fund. Both the investors spend $525 million this year to company. The companies operational projects are located in across 12 states .75 %is contracted to its state utilities and the rest of it is allocated in central utilities .The company will face a competition from Adani group and Reliance industries .
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