Tata wins Singur Nano case, to get Rs 766 cr as compensation

Tata Motors has been awarded 766 crore in compensation by an arbitral tribunal in connection with losses incurred on its manufacturing site in Singur, West Bengal. The company was forced to shift its operations to Gujarat due to opposition from farmers backed by Mamata Banerjee’s Trinamool Congress. The West Bengal government has stated that it will appeal against the order. Tata Motors had invested over 1,000 crore in Singur before relocating to Gujarat in 2008.