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Tata Power to foray into shipping (Business Standard 19th Dec 2007)
Tata Power, the country’s largest private sector power company, plans to foray into the shipping and logistics business in order to facilitate coal procurement for its power plants. The Tata group’s power arm also plans to raise Rs 4,000 crore from the international markets.
The proposed move would also mark the group’s entry, which is present in a wide range of businesses from salt to steel, in the burgeoning shipping and logistics business.
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