According to Sandeep Bharadwaj, Derivium Tradition Securities, what has happened in Singur has been written off from a market perspective. If the company receives some compensation then it would be positive.
In a setback for the Tatas, Calcutta High Court on Wednesday upheld the Singur Land Rehabilitation and Development Act, 2011 as constitutional and valid.
The West Bengal government today said it could sit with Tata Motors Ltd (TML) to discuss possible solutions for the Singur land issue after being asked by the Calcutta High Court if this was possible.