Tata Power, Adaro International
Tata Power share price trades in green amid legal dispute with Adaro International over coal supply
Tata Power and Adaro International are currently engaged in a legal battle over a coal supply contract. Both companies are pursuing financial compensation. The dispute, centred on a 2020 agreement, has escalated to arbitration,
Tata Power, Adaro International Engage In Legal Battle Over Coal Supply Contract
Tata Power and Adaro International are currently locked in a legal dispute over a coal supply agreement, with both companies seeking compensation from each other. The Tata Group company shared an update on the case on Thursday evening.
Tata Power and Adaro International in arbitration over coal supply dispute
Tata Power Company Ltd and Adaro International are in a legal dispute over a coal supply agreement for the Trombay power plant. Both companies have filed claims against each other, with the case now at the International Court of Arbitration.
Tata Power and Adaro International go for arbitration
During the performance of the agreement, disagreements emerged between the parties. Adaro sent a notification alleging a breach by TPCL.
Tata Power, Adaro send notices to each other seeking claims over coal agreement
Adaro's notice alleged a breach and sought arbitration with a claim of $106 million, which was countered by Tata Power's counter claim of $229.947 million for non-supply of coal.
Billionaire Thohir’s Adaro Aims To Raise $2.5B From Coal Unit Spinoff
Adaro Energy Indonesia, a company backed by Indonesian billionaire Garibaldi "Boy" Thohir, plans to spin off thermal coal ...
Adaro Energy Shares Rise on $2.5 Billion Stake Sale Plan of Coal Business
Adaro Energy shares jumped in Indonesia on the company's plans to sell nearly $2.5 billion of stakes in various coal assets as part of a strategic shift to develop a green business supply chain.
Southeast Asia expected to boost coal trade as China approaches peak
The Indonesian Coal Miners Association (ICMA) expects imports by China and India to peak in 2025, ending growth in global ...
Bloomberg L.P.9d
Indonesia’s Adaro Plans $2.5 Billion Coal Sale in Green Turn
PT Adaro Energy Indonesia plans to spin off a coal mining unit valued at $2.45 billion as part of its shift away from the fossil fuel. The company, which is one of country’s biggest coal miners, ...
moneycontrol.com1d
Stock Radar: NTPC, IIFL Finance, Tata Power, Phoenix Mills, VST Industries, IDFC First Bank in focus on Friday
Tata Power and Singapore-based Indonesian mining company Adaro International have both sought compensation from each other ...
The Jakarta Post17h
Development of Nusantara moves forward with inauguration, groundbreaking of new projects
Adaro Group, Mulia Group, Pulau Intan Group, Kawan Lama Group, Alfamart Group, Salim Group and Era Jaya. With an investment ...
malaymail1d
Rise in power-hungry data centres pushing Malaysia’s consumption of coal, as regional demands set to outpace China
Southeast Asian countries such as Vietnam and Philippines are expected to boost coal trade and consumption this decade, ...