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India Supreme Court allows Tata Power, Adani Power to renegotiate sales pact

Verdict could lead to higher tariffs after years of losses from Indonesian coal prices

Logo of Tata power
Tata Power, Adani Power, and Essar Power in Gujarat state sought higher tariffs to cover the increased cost, but the distribution companies resisted.   © Mint/Getty Images
| India

MUMBAI (NewsRise) -- India's Supreme Court allowed Tata Power and other electricity producers to renegotiate their agreements with state-run distributors, offering a ray of hope to the companies grappling with staggering losses at their power plants in the nation's western parts.

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