Tata Power May Hive Off Strate­gic En­gi­neer­ing Di­vi­sion

The Economic Times - - Front Page -

The Tata Group is said to be ex­plor­ing plans to hive off the strate­gic en­gi­neer­ing di­vi­sion of Tata Power Co as part of a strat­egy to con­sol­i­date its de­fence busi­nesses. In­sid­ers see the move as an at­tempt to tap op­por­tu­ni­ties of­fered by grow­ing gov­ern­ment spend­ing on de­fence.

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