Tata Motors wins ₹766 crore plus interest arbitral award in Singur plant case

Tata Motors won an arbitral award of ₹765.78 crore plus interest to compensate for its investment in the now-scrapped Singur plant. It was building the plant in Singur to manufacture Tata Nano. The company is entitled to recover ₹765.78 crore with 11% p.a. interest from September 1, 2016, till the actual recovery thereof from West Bengal Industrial Development Corporation Limited.