MUMBAI: Tata PowerNSE -1.12 %, the country’s largest integrated power company, has drawn a blueprint to collapse several of its estimated 95-plus subsidiaries with an eye on profitability and a nimbler operational structure.
The company will initially focus on breaking down the wholly-owned subsidiaries to be part of the main operational businesses and will later look at joint ventures, a top official close to the development said. Tata Power will seek shareholders’ approval for the res ..