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Worried lenders to review Tata, Adani Power exposure

They are worried about fallout of firms of the SC verdict on compensatory tariff for imported coal

Worried lenders to review Tata, Adani Power exposure

Lenders, led by the State Bank of India, will soon begin a review of the Tata and the Adani groups’ exposure to the power sector. They are worried about the fallout of the companies of the Supreme Court (SC) verdict on compensatory tariff for imported coal. The SC on Tuesday disallowed any relief to these companies in the five-year-old contentious issue of compensation to their respective power plants. It pertains to pass-through of the cost escalation because of changes in imported coal prices and regulations in the Indonesian coal market. Senior bank executives said ...