Merger of hydropower companies proposed

23 May 2023 CW Team

State-owned hydropower company NHPC is planning to merge with two other public sector hydro companies, THDC India Ltd and North Eastern Electric Power Corp. Ltd (Neepco). The merged entity is expected to have a market capitalization of around ₹70,000 crore.

The proposal to form a mega hydropower company comes at a time when the government is looking at increasing the share of hydropower in the country's energy mix. Currently, with 46.85 GW of installed capacity, hydropower forms 11.2% of the total installed power capacity in the country.

The Centre also plans to boost pumped hydropower storage projects. Last month, the power ministry came up with the guidelines for pumped storage projects and said that it would support them through concessional climate finance and rationalized environment clearances.

Last year, the government issued renewable purchase obligation norms to be followed till FY2029-30, which mandated the use of hydropower by distribution companies. According to rating agency ICRA, India would have to add 18 GW of hydropower by 2030 to meet its hydropower purchase obligation.

Also Read
5.58 lakh homes could be completed in 2023 across 7 cities
AAI reports Rs 34 billion profit, rebounds with surging revenues

Infrastructure Urban

07 Oct 2025

RITES Bags Rs 362 Million Order From DVC

RITES Limited, a Schedule 'A' enterprise under the Government of India, has announced that it has received a major domestic work order from the Damodar Valley Corporation (DVC). The company disclosed the development in a filing to the BSE and NSE dated 2 October 2025. The total contract value stands at Rs 362 million (excluding GST).Under the agreement, RITES will provide comprehensive services for the DVC Mejia Thermal Power Station. The scope of work includes the Annual Maintenance Contract (AMC) for Railway Sidings tracks, Operation and Maintenance (O&M) of Signalling and Telecommunicat..

Greta Minerals Doubles WA Exploration Land, Targets Lithium Supply for India

Greta Minerals Pte, part of Singapore-based Greta Group, has expanded its exploration footprint in Western Australia to 1,550 sq km, up from 700 sq km acquired in 2024.Nitesh Chaudhari, Chairman of Greta Group, said, “We are very happy to expand our landholding, encouraged by initial results from Ultrafine+ soil sampling at Gecko North. The geological corridor appears promising for lithium, gold, and other critical minerals.”The Gecko North Project, 25 km northwest of Coolgardie, is one of seven critical mineral and gold projects under Greta Minerals (Australia) Pty, which now holds 37 gra..

Vedanta Extends Demerger Deadline to March 2026 Amid Pending Approvals

Vedanta, led by Anil Agarwal, has extended the deadline for its corporate demerger to March 31, 2026, as approvals from the National Company Law Tribunal (NCLT) and relevant government authorities are still pending, the company said in a regulatory filing. The deadline had earlier been extended from March 31, 2025, to September 30, 2025.The board stated, “Given that the conditions precedent in the Scheme, including NCLT approval and approvals from certain government authorities, are still in process, the timeline for fulfilment of these conditions has been extended to March 31, 2026.” The ..