Tata Power Says Creditors Agree to Extend Waivers on Loan Terms
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Tata Power Co. won an agreement from lenders to its biggest plant to extend waivers on meeting their loan terms, giving India’s second-largest generator more time to turn the facility around.
“We have reached an agreement and documentation work is under way,” Sowmyan Ramakrishnan, executive director for finance at the Mumbai-based utility, said in an interview. “We expect to sign a final agreement by October.”