Tribunal directs Mamata sarkar to compensate Tatas on Singur plant

Repairing Loss

• Tata Motors invested over Rs1,000 cr in Nano plant at Singur
• It’s Trinamool Congress, which agitated against it

New Delhi/Kolkata: In a major victory for Tatas, an arbitral tribunal has awarded Tata Motors a compensation of over Rs766 crore for the losses incurred because of protests by Trinamool Congress that stalled its small car project at Singur in West Bengal. The tribunal asked the West Bengal government to pay Tata Motors the compensation, along with interest, according to a stock exchange filing by the Mumbai-based auto major on Monday.

Following the development, the TMC, which is now in power in the State said it is not the final verdict and legal avenues are still open before the Mamata Banerjee government.