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News Brief | June 2013

Tata Power to sell shares in renewable energy unit next year

Tata Power Co., the utility business of India's largest business group, is considering an initial public offering of its clean-energy unit next financial year. The utility plans to increase capacity at Tata Power Renewable Energy Ltd. almost fivefold in the year to 31 March as the cost of renewable energy converges with fossil fuel-based grid power in India.
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