THE PLAN

Debt restructuring and business recast to bring debt-equity ratio to less than 2.33 in 2017/18

Sale of non-core

assets, primarily holdings in several group companies, including Tata DoCoMo and Tata Communications

Some coalrelated assets, even the profitable solar photovoltaic manufacturing unit, could also be evaluated

Aggressive foray

into overseas power assets and distribution, where the risk-reward ratio justifies big investments

Appeal to CERC

after denial of higher tariff for Mundra plant (to offset rise in coal prices in Indonesia). Is also talking to discoms to lower the impact of this