You are here: Home » Companies
;
Business Standard

Tatas may have to set aside more for Singur

May have to make fresh provisions, in the wake of the recent apex court verdict on land acquisition process for its Nano

Ishita Ayan Dutt  |  Kolkata 

This is article Banner

Tata Motors may have to make fresh provisions on account of Singur, in the wake of the recent Supreme Court (SC) verdict on the land acquisition process for its Nano project in 2006. Tata Motors’ latest annual report said during FY15, it made a provision for carrying capital cost of buildings at Singur, which amounted to Rs 309.9 crore.

The figure, however, excluded other assets (including electrical installations, etc.) and expenses written off/provided in earlier years, security expenses, lease rent and claim for interest on the whole amount. A petition filed by the ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, September 03 2016. 00:40 IST