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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

Residents of Singur rejoice in the aftermath of SC's verdict
Residents of Singur rejoice in the aftermath of SC’s verdict

TataMotorsmayhavetomakefreshprovisionsonaccountofSingur,inthewakeoftherecentSupremeCourt(SC)verdictonthelandacquisitionprocessforitsNanoprojectin2006. TataMotors’latestannualreportsaidduringFY15,itmadeaprovisionforcarryingcapitalcostofbuildingsatSingur,whichamountedtoRs309.9crore. Thefigure,however,excludedotherassets(includingelectricalinstallations,etc.)andexpenseswrittenoff/providedinearlieryears,securityexpenses,leaserentandclaimforinterestonthewholeamount. Apetitionfiledby ...