Tata Power SED

Tata Power board has given nod for sale of its defence business Strategic Engineering Division (SED) to Tata Advance Systems, at an enterprise value of Rs2,230 crore. The deal will be subject to government and other approvals. TPSED is a leader in business of indigenous design, development, production, integration, supply and life cycle support of mission critical defence systems. The key products include manufacturing and assembling missile launchers, electronic warfare, night vision systems and gun systems etc. https://www.livemint.com/Companies/enUUc7tCOKXt1AjQPMW6bN/Tata-Power-to-sell-defence-business-to-Tata-Advanced-Systems.html


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