Business

Tata Power loses challenge to $490 million arbitration award

The Economic Times · 27 August 2026 at 12:27 am

Tata Power's challenge to a $490 million arbitration award was rejected by Singapore's court.

The court upheld damages awarded to Kleros Capital Partners regarding a Russian coal asset bid.

Disagreements over leadership and ownership soured the partnership in 2015.

Kleros alleged Tata Power misused confidential information and acted in bad faith.

The company must now pay Kleros' legal costs, which are yet to be determined.

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The Power of Posture

The Hindu - Health · 17 h ago

Tata Power loses challenge to $490 million arbitration award

This story in other outlets

The Power of Posture

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