Tata Power plans to contest Rs 4k-cr Singapore arbitral order |...

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Tata Power plans to contest Rs 4k-cr Singapore arbitral order

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Tata Power plans to challenge a $490 million Singapore arbitration award related to alleged confidentiality breaches with Kleros Capital Partners over a Russian coal project. Despite the financial implications and another $106 million claim from Adaro International, Tata Power maintains a strong position and hasn't provisioned for the losses.

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