All renewable biz to merge in one: Tata power chief

For our renewable business, we will bring all the renewable business on one single platform and all the renewable companies will start getting merged into the renewable platform, which is the Tata Power Renewable Energy (TPREL). However, there will still be some subsidiaries because the nature of the business requires us to have an SPV (special purpose vehicle) for capital projects. There will be huge efficiency due to this because the extra manpower in each of these companies will all get subsumed in one company. There are synergies that will happen.


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