Tata Motors to get over Rs 766 crore compensation for losses incurred at West Bengal's Singur plant
In a regulatory filing, the auto major said a three-member Arbitral Tribunal has ruled that the company is entitled to recover from the respondent West Bengal Industrial Development Corporation Ltd (WBIDC) a sum of Rs 765.78 crore with interest thereon 11 per cent per annum from September 1, 2016, till actual recovery thereof.
In June 2010, Tata Motors inaugurated a new plant in Sanand to produce Nano, which it has ceased to sell now. (Representational image: Reuters/File)