InvestorQ : Why is Tata Power buying coal from its Indonesian Miner?
Anamika Sodhani made post

Why is Tata Power buying coal from its Indonesian Miner?

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Angel dcosta answered.
3 weeks ago
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Tata Power plans to buy coal to the tune of Rs12,000 crore from its Indonesian miner during the fiscal year FY23. This will ensure coal supply security and without interruptions. Tata Power owns 30% stake in the mine.

The long term coal supply agreement was signed in 2008 between Tata Power and KPC of Indonesia. The agreement goes all the way to 2032-33. Tata Power will also be farming out construction contracts worth Rs2,930 crore to Tata Projects Ltd.

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