Tata Power loses challenge to $490 mn arbitration award in Russia coal case

•Tata Power loses challenge to $490 mn arbitration award in Russia coal case.

•Singapore International Commercial Court rejects Tata Power's claims, upholds damages awarded to Kleros Capital Partners.

•Dispute originated in 2013 over joint bid for Russian coal deposit, ended in 2016 due to disagreements.

•Tata Power must pay costs, amount undecided, after court upholds arbitral award.