NEW DELHI: The Tata Power Company Limited did not need to enjoy the benefit of a moratorium on its payments for too long as it took urgent steps to respond to challenges thrown by covid-19 and rushed to reinforce its business operations.
The company continues to be on track to restructure all aspects of its business including divestments. Here are the edited excerpts of an interview with Ramesh Subramanyam, the company’s Chief Financial Officer & President, Fuel & Logistics. 1.
Tata Power took moratorium on its debt servicing as per the RBI package. How's the cash flow situation now? Yes, as soon as the lockdown was announced we took stock of the probable scenarios which included worst case scenarios as well.