Tata Power pulls plug on Rajasthan discoms as payment arrears mount

fe Bureau : Mumbai, Fri Jan 04 2013, 09:03 hrs

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In an interview with FE in November last year, Tata Power managing director Anil Sardana criticised the plan, calling it "bad money chasing bad money."

"Such large losses can be corrected through complete efficiency improvement. There is nothing in the plan which will do that," he had said.

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