India: Tata Sons may shut oil production arm Petrodyne in business revamp

India: Tata Sons may shut oil production arm Petrodyne in business revamp

Tata Sons chairman N. Chandrasekaran is weeding out businesses that are unprofitable or lack scale. Photo: PTI

Tata Sons Ltd may shut down Tata Petrodyne Ltd (TPL), its oil exploration and production arm, as new chairman N. Chandrasekaran weeds out businesses that are unprofitable or lack scale, according to two people aware of the development.

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