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Tata Power has been planning to sell its non core assets for the purpose of bringing down its around Rs 49,000 crore gross debt.
N Chandrasekaran, Tata Power chairman has said at the 98th AGM that “Our gross debt is Rs 48,816 crore. We are examining various debt reduction options including sale of non-core assets.”
He further said that at present, the gross debt to equity ratio stands at 3.3:1.
