Tata Power eyes four regions to expand global presence
Tata Power on Monday said that it has identified four key regions to expand its global presence. The company will focus more on its overseas businesses in Africa, South East Asia, Middle East, SAARC (India Region). “We have created four regions- India & SAARC; Southeast Asia; Middle East cum Turkey; and Africa. We have deployed resources in each of these four regions to constantly update ourselves with the dynamics and scout for opportunities,” Said Anil Sardana, CEO & Managing Director, Tata Power. He said the company will invest in the region and in specific projects where it has “all the clearance and are able to mitigate risks to achieve the threshold returns”. “Tata Power continues to evaluate various opportunities for providing management and technical advisor services in distribution business including possible partnership in shortlisted geographies of interest,” Sardana said. The company has been engaged in all the segments of power sector, including logistics, distribution and trade, overseas. It is also executing a number of projects with the help of its subsidiaries and joint ventures in these regions.
December 14, 2015 | 04:10pm IST