Hotline: 1800 102 2007
X
Search Business Opportunities
Mar, 30 2018

Tata Power to sell defence biz to TASL for $342 mn

Tata Power’s defence unit, Strategic Engineering Division, manufactures and assembles missile launchers, and electronic warfare equipment, night vision devices and gun systems.

As part of plans to monetise its non-core assets to improve the balance sheet, Tata Power Co. Ltd has planned to sell its defence business to Tata Advanced Systems Ltd for 22.30 billion rupees ($342.21 million).

Tata Power’s defence unit, Strategic Engineering Division, manufactures and assembles missile launchers, and electronic warfare equipment, night vision devices, and gun systems.

The sale to the Tata Group’s aerospace and defence arm comes at a time when the salt-to-software conglomerate is mulling ways to cut cross-holdings in various group companies to consolidate the business.

Recently, Chairman N Chandrasekaran told an internal company magazine that many group companies needed to be streamlined, without losing their entrepreneurial spirit.

Comment
image
Related opportunities
  • Professional Education coaching
    Aboout Us: Speciality Certified Medical Assistant a certification body of the..
    Locations looking for expansion Haryana
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Bakery & Confectionary
    About Us: The Churro Co. is quintessential cafe chain for Mumbai..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Others Food Service
    About Us: Dhaba Cafe is a complete food hub with two..
    Locations looking for expansion Madhya pradesh
    Establishment year 2008
    Franchising Launch Date 2012
    Investment size Rs. 5lac - 10lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Indore Madhya pradesh
  • Bakery & Confectionary
    About Us: Eat Confetti has unique recupes that have never been..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities