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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



$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


Sale of Three Ships

The Economic

Times

New Delhi 8 Bureau


Sale of Three Ships

The Economic

Times

Bangalore 8 Bureau


Sale of Three Ships

The Economic

Times

Kolkata 6 Bureau


Sale of Three Ships

The Economic

Times

Chennai 6 Bureau



for $212.76 million

Mint Mumbai 3 PTI



for $212.76 million

Mint Bangalore 3 PTI



for $212.76 million

Mint Kolkata 3 PTI



for $212.76 million

Mint Hyderabad 3 PTI



for $212.76 million

Mint Chennai 3 PTI



for $212.76 million

Mint Ahmedabad 3 PTI



for $212.76 million

Mint New Delhi 3 PTI

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


for $212.76 million

Deccan

Chronicle

Hyderabad 7 Bureau


for $212.76 million

Deccan

Chronicle

Chennai 7 Bureau


completes sale of three

ships for $ 212.76 million

Millennium Post New Delhi 10 Bureau




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



for $ 212.76 million

The Economic

Times

Online Web NA Bureau




ET Energyworld Online Web NA Bureau



for $212.76 million

The Hindu

Business Line



of three ships for $213 mln

Business

Standard




for $212.76 million

The Financial

Express



transaction of ships for USD

212.76 million

The New Indian

Express




$212.76 million

Lokmat Online Web NA Bureau

of 108.



for $212.76 million

Moneycontrol Online Web NA Bureau



$212.76 million

Business World Online Web NA Bureau




Outlook Online Web NA Bureau



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



$212.76 million

Yahoo Finance

India




$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




Devdiscourse Online Web NA Bureau




24 Globe News Online Web NA Bureau



$212.76 million

Albuquerque

Express


of 108.

8 Jul 2020 Tata Power completes Sale


212.76 million

Arthini Online Web NA Bureau



$212.76 million

Big News

Network





Eng.bebakpost Online Web NA Bureau


transaction of three ships

for $212.76 mn

HR Nxt Online Web NA Hrnxt

Newsdesk




India Daily Mail Online Web NA Bureau



for $212.76 million

Knowledia Online Web NA Bureau



$212.76 million

Nepal News Online Web NA Bureau



212.76 million

New Kerala Online Web NA Bureau




News India Online Web NA Bureau



212.76 million

Punekar News Online Web NA Bureau



$212.76 million

Sierra Leone

Times




$212.76 million

Sify Online Web NA Bureau



ships for $212.76 million

The Smart

Investor

Online Web NA PTI



for $212.76 million

Trendlyne Online Web NA Bureau



$212.76 million

Webindia123 Online Web NA Bureau

of 108.



$212.76 million

Yahoo News

Malaysia



of three ships for $213 mln

Capital Market Online Web NA Bureau



$212.76 million

Chhattisgarh

Today


7 Jul 2020 COMPANY NEWS Tata

Power’s arm completes

sale transaction of ships for

$212.76 million

Citrus Interactive Online Web NA Bureau



$212.76 million

Delhi Live News Online Web NA Bureau



$212.76 million

Haryana Today Online Web NA Bureau



$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



for $212.76 million

India Global

News

Online Web NA PTI




India Global

News

Online Web NA Rachita

Prasad



$212.76 million

Indian Economic

Observer




$212.76 million

Indian News

Network




212.76 million

IPM News Online Web NA epune

metro



$212.76 million

Jharkhand Times Online Web NA Bureau



$212.76 million

Karnataka Live Online Web NA Bureau

of 108.



$212.76 million

Kashmir

Breaking News




$212.76 million

Kashmir

Newsline


7 Jul 2020 Business News | Tata

Power Completes Sale

Transaction of Ships for

$212.76 Million

Latest LY Online Web NA Bureau



$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




My Times Now Online Web NA Bureau



ships for $212.76 million

News Alert Online Web NA Bureau



for $212.76 million

Newzz Online Web NA Bureau



$212.76 million

Odisha Post Online Web NA Bureau



$212.76 million

Punjab Live Online Web NA Bureau



for $212.76 million

Stocks Market Online Web NA Bureau



$212.76 million

The Hawk Online Web NA Bureau




Thefoodera Online Web NA Bureau



$212.76 million

Web India 123 Online Web NA Bureau



$212.76 million

Zee5 Online Web NA Bureau

of 108.



$212.76 million

West Bengal

Khabar


of 108.

Financial

of 108.

Published Date 8 Jul 2020 Publication Financial Express

Edition New Delhi Page No 20

Circulation 27,000

1/1 Back To Index

of 108.

Published Date 8 Jul 2020 Publication Mint

Edition Mumbai Page No 3

Circulation 71,000

1/1 Back To Index

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Edition Bangalore Page No 3

Circulation 30,000

1/1 Back To Index

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Edition Kolkata Page No 3

Circulation 11,000

1/1 Back To Index

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Edition Hyderabad Page No 3

Circulation 9,500

1/1 Back To Index

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Edition Chennai Page No 3

Circulation 9,500

1/1 Back To Index

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Edition Ahmedabad Page No 3

Circulation 15,000

1/1 Back To Index

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Circulation 93,000

1/1 Back To Index

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Published Date 8 Jul 2020 Publication The Economic Times

Edition Mumbai Page No 8

Circulation 261,000

1/1 Back To Index

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Circulation 139,000

1/1 Back To Index

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Edition Bangalore Page No 8

Circulation 50,760

1/1 Back To Index

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Circulation 38,331

1/1 Back To Index

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Circulation 25,839

1/1 Back To Index

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Mainlines

of 108.

Published Date 8 Jul 2020 Publication Deccan Chronicle

Edition Hyderabad Page No 7

Circulation 505,261

1/1 Back To Index

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Published Date 8 Jul 2020 Publication Deccan Chronicle


Circulation 226,204

1/1 Back To Index

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Published Date 8 Jul 2020 Publication Millennium Post


Circulation 150,000

1/1 Back To Index

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Published Date 8 Jul 2020 Publication Millennium Post


Circulation 70,000

1/1 Back To Index

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Published Date 8 Jul 2020 Publication The Asian Age


Circulation 77,991

1/1 Back To Index

of 108.

Regional

of 108.

Published Date 8 Jul 2020 Publication Business Standard (Hindi)


Circulation 7,069

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Published Date 8 Jul 2020 Publication Veer Arjun (Hindi)


Circulation 102,000

1/1 Back To Index

of 108.

Online

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.

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Website: Albuquerque Express Word count 226


Tata Power completes sale transaction of ships for $212.76 million

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Website: Arthini Word count 235


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.

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Website: Big News Network Word count 456



https://www.bignewsnetwork.com/news/265695785/tata-power-completes-sale-transaction-of-ships-for-21276-

million?utm_source=feeds.bignewsnetwork.com&utm_medium=referral

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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.

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of 108.

Website: Business Standard Word count 218


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.


Shares of Tata Power were trading 0.40 per cent higher at Rs 50.60 apiece on BSE.

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of 108.

Website: Devdiscourse Word count 225



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)

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of 108.

Website: Devdiscourse Word count 226


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


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.


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.

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of 108.

Website: eng.bebakpost Word count 415



https://eng.bebakpost.com/2020/07/tata-power-subsidiary-completes-sale-of.html


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.






three ships for USD 212.76 million (around Rs 1,592 crore)."Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-



regulatory filing.TERPL will now cater to the shipping requirements of the company's imported coal-based Coastal Gujarat Power Ltd


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

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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

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Website: India Daily Mail Word count 223



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




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of 108.

Website: Knowledia Word count 149


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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https://news.knowledia.com/IN/en/articles/tata-power-subsidiary-completes-sale-of-3-ships-for-21276-million-494bb24df2dc3f7e5df661ba797874a57ecea5c3

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Website: Nepal News Word count 226



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Website: New Kerala Word count 253


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:


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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Website: News India Word count 306



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

Linkedin

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of 108.

Website: Punekar News Word count 239



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.

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of 108.

Website: Sierra Leone Times Word count 226



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of 108.

Website: Sify Word count 229



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)

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of 108.

Website: The Economic Times Word count 232


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





regulatory filing. TERPL will now cater to the shipping requirements of the company's imported coal-based Coastal Gujarat Power Ltd


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

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of 108.

Website: The Hindu Business Line Word count 217



https://www.thehindubusinessline.com/companies/tata-power-subsidiary-completes-sale-of-3-ships-for-21276-

million/article32010353.ece


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.

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of 108.

Website: The Smart Investor Word count 255



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-


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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of 108.

Website: Trendlyne Word count 24



https://trendlyne.com/posts/2429508/tata-power-subsidiary-completes-sale-of-3-ships-for-212-76-million

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of 108.

Website: UNI India Word count 158

Published Date 8 Jul 2020 Journalist: UNI


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.

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of 108.

Website: Webindia123 Word count 185



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





Power in recent months after the divestment in Cennergi in South Africa. (ANI)

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of 108.

Website: Yahoo News Malaysia Word count 228



https://malaysia.news.yahoo.com/tata-power-completes-sale-transaction-ships-212-76-062501125.html

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of 108.

Website: ANI News Word count 31



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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of 108.



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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of 108.



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.)

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of 108.

Website: Business World Word count 330



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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of 108.

Website: Capital Market Word count 312


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

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of 108.

Website: Chhattisgarh Today Word count 253



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



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


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


time. This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.

Back To Index

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of 108.

Website: Citrus Interactive Word count 127


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.

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http://www.citrusinteractive.in/News/OpenNewsContent.aspx?SecId=7&SubSecID=15&NewsID=787732

of 108.

Website: CNBC TV18 Word count 249



https://www.cnbctv18.com/energy/tata-power-subsidiary-completes-sale-of-3-ships-for-21276-million-6276461.htm





regulatory filing.TERPL will now cater to the shipping requirements of the company's imported coal-based Coastal Gujarat Power Ltd


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

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of 108.

Website: Delhi Live News Word count 253



https://www.delhilivenews.in/news/tata-power-completes-sale-transaction-of-ships-for-21276-million20200707115501/












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of 108.

Website: Energetica India Word count 258


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.

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https://www.energetica-india.net/news/tata-power-completes-sale-transaction-of-ships-for-21276-million

of 108.

Website: Equity Bulls Word count 327



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



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.

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of 108.

Website: ET Energyworld Word count 301



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

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of 108.

Website: Haryana Today Word count 255



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.

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Website: Hi India Word count 255



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



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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of 108.

Website: HT Syndication Word count 139


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....

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Website: IIFL Word count 339


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


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.

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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

of 108.

Website: India Global News Word count 305



http://glbnews.com/url.html?p=https://news.google.com/__i/rss/rd/articles/CBMiemh0dHBzOi8vd3d3Lm1vbmV5Y29udHJvb

C5jb20vbmV3cy9idXNpbmVzcy90YXRhLXBvd2VyLXN1YnNpZGlhcnktY29tcGxldGVzLXNhbGUtb2YtMy1zaGlwcy1mb3ItMjEy

LTc2LW1pbGxpb24tNTUxNzAzMS5odG1s0gF-

aHR0cHM6Ly93d3cubW9uZXljb250cm9sLmNvbS9uZXdzL2J1c2luZXNzL3RhdGEtcG93ZXItc3Vic2lkaWFyeS1jb21wbGV0ZX

Mtc2FsZS1vZi0zLXNoaXBzLWZvci0yMTItNzYtbWlsbGlvbi01NTE3MDMxLmh0bWwvYW1w?oc=5


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.

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Website: India Global News Word count 424

Published Date 7 Jul 2020 Journalist: Rachita Prasad


http://glbnews.com/url.html?p=https://news.google.com/__i/rss/rd/articles/CBMimgFodHRwczovL2Vjb25vbWljdGltZXMuaW

5kaWF0aW1lcy5jb20vaW5kdXN0cnkvZW5lcmd5L3Bvd2VyL3RhdGEtcG93ZXItc3Vic2lkaWFyeS1jb21wbGV0ZXMtc2FsZS1vZi

0zLXNoaXBzLWZvci11c2QtMjEyLTc2LW1pbGxpb24vYXJ0aWNsZXNob3cvNzY4Mjg4OTMuY21z0gGVAWh0dHBzOi8vbS5lY2

9ub21pY3RpbWVzLmNvbS9pbmR1c3RyeS9lbmVyZ3kvcG93ZXIvdGF0YS1wb3dlci1zdWJzaWRpYXJ5LWNvbXBsZXRlcy1zY

WxlLW9mLTMtc2hpcHMtZm9yLXVzZC0yMTItNzYtbWlsbGlvbi9hbXBfYXJ0aWNsZXNob3cvNzY4Mjg4OTMuY21z?oc=5


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

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of 108.

Website: Indian Economic Observer Word count 253



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million20200707115501/












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of 108.

Website: Indian News Network Word count 253



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million20200707115501/












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of 108.

Website: IPM News Word count 261

Published Date 7 Jul 2020 Journalist: epune metro


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


business. The sale includes existing long-term contracts associated with the ships with M/s. Oldendorff Carriers GmbH & Co. KG



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.

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https://epunemetro.com/news/6322

of 108.

Website: Jharkhand Times Word count 253



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of 108.

Website: Karnataka Live Word count 253



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of 108.

Website: Kashmir Breaking News Word count 253



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million20200707115501/












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of 108.

Website: Kashmir Newsline Word count 253



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of 108.

Website: Latest LY Word count 285


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


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




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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of 108.

Website: Lokmat Word count 254



https://english.lokmat.com/business/tata-power-completes-sale-transaction-of-ships-for-21276-million/


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


The sale proceeds will be used towards reducing the debt as well as to fund future growth plans. "The sale of our shipping assets


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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of 108.

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of 108.

Website: Market Screener Word count 235


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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of 108.

Website: Moneycontrol Word count 305



https://www.moneycontrol.com/news/business/tata-power-subsidiary-completes-sale-of-3-ships-for-212-76-million-

5517031.html


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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of 108.

Website: My Times Now Word count 58



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million



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of 108.

Website: News Alert Word count 42



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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of 108.

Website: Newzz Word count 73



https://newzz.in/business/tata-power-subsidiary-completes-sale-of-3-ships-for-21276-

million/16882344318435808642/16882344318435808642/


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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of 108.

Website: Odisha Post Word count 254



https://www.odishapost.news/news/tata-power-completes-sale-transaction-of-ships-for-21276-million20200707115501/



for 212.76 million dollars. The ships are MV Trust Agility, MV Trust Integrity and MV Trust Amity.TERPL will now cater to shipping








time.This is the second asset sale by Tata Power in recent months after the divestment in Cennergi in South Africa.

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of 108.

Website: Outlook Word count 260



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


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



Tata Power were trading 0.40 per cent higher at Rs 50.60 apiece on BSE. PTI SVK ANS ANS

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of 108.

Website: Projects Today Word count 147


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.

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of 108.

Website: Punjab Live Word count 253



https://www.punjablive.news/news/tata-power-completes-sale-transaction-of-ships-for-21276-million20200707115501/












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of 108.

Website: Punjab Tribune Word count 267



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




months after the divestment in Cennergi in South Africa. (ANI)

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of 108.

Website: Sakal Times Word count 249


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.

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of 108.

Website: Stocks Market Word count 314



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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of 108.

Website: The Economic Times Word count 310



https://economictimes.indiatimes.com/industry/energy/power/tata-power-subsidiary-completes-sale-of-3-ships-for-usd-212-

76-million/articleshow/76828893.cms


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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of 108.

Website: The Financial Express Word count 340



https://www.financialexpress.com/industry/tata-power-subsidiary-completes-sale-of-3-ships-for-212-76-million/2015780/


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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of 108.

Website: The Hawk Word count 251



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)

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http://www.thehawk.in/business/tata-power-completes-sale-transaction-of-ships-for-21276-million-159654

of 108.

Website: The New Indian Express Word count 271


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




months after the divestment in Cennergi in South Africa.

Back To Index

https://www.newindianexpress.com/business/2020/jul/07/tata-power-completes-sale-transaction-of-ships-for-usd-21276-million-2166542.html

https://www.newindianexpress.com/business/2020/jul/07/tata-power-completes-sale-transaction-of-ships-for-usd-21276-million-2166542.html

of 108.

Website: The Smart Investor Word count 248


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


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

https://smartinvestor.business-standard.com/market/Compnews-648942-Compnewsdet-Tata_Power_subsidiary_completes_sale_of_three_ships_for_21276_million.htm

https://smartinvestor.business-standard.com/market/Compnews-648942-Compnewsdet-Tata_Power_subsidiary_completes_sale_of_three_ships_for_21276_million.htm

of 108.

Website: Thefoodera Word count 217



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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http://thefoodera.com/tata-power-subsidiary-completes-sale-of-3-ships-for-usd-212-76-million/

of 108.

Website: Web India 123 Word count 250



https://news.webindia123.com/news/Articles/Business/20200707/3588474.html


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


The sale proceeds will be used towards reducing the debt as well as to fund future growth plans."The sale of our shipping assets






Power in recent months after the divestment in Cennergi in South Africa. (ANI)

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of 108.

Website: West Bengal Khabar Word count 253



https://www.westbengalkhabar.in/news/tata-power-completes-sale-transaction-of-ships-for-21276-million20200707115501/












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of 108.

Website: Yahoo Finance India Word count 415


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


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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of 108.




https://in.finance.yahoo.com/news/tata-power-completes-sale-transaction-ships-212-76-062501125.html


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








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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of 108.




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


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



Tata Power were trading 0.40 per cent higher at Rs 50.60 apiece on BSE. PTI SVK ANS ANS

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of 108.

Website: Yahoo News India Word count 254

Published Date 7 Jul 2020 Journalist: ANI


https://in.news.yahoo.com/tata-power-completes-sale-transaction-ships-212-76-062501125.html


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








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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