NTPC's under construction hydropower project damaged

Due to an avalanche near Tapovan in Uttarakhand

NTPC announced that an avalanche near Tapovan in Uttarakhand has damaged a part of the company's under construction hydropower project Tapovan Vishnugad (520 MW) in the region. While rescue operations are on, situation is being monitored continuously with the help of district administration and likely loss or damage caused is being assessed. Appropriate insurance cover is available for the loss/damage caused.

However, considering the total size of operations of NTPC (present standalone commercial capacity 51310 MW and group commercial capacity 63925 MW), the impact of above event on the company as a whole may not be considered material in terms of Para B of Part A of Schedule III of SEBI (LODR), Regulations, 2015.

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