Tata Power plans to challenge a ₹4,000 crore (US $490 million) arbitration award issued in Singapore. The Singapore International Arbitration Centre (SIAC) ruled that Tata Power must pay this amount to Kleros Capital Partners under SIAC rules. According to market reports, Tata Power’s shares declined following news of the order, but the company is expected to contest the award vigorously, citing grounds for appeal and the need for legal review of the tribunal’s decision-making process.

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