NHPC proposes three more hydropower projects in Ladakh

21 Nov 2022 CW Team

The development of remote and mountainous Ladakh is set to get a boost as the National Hydropower Corporation (NHPC Ltd), which runs the 45 MW Nimoo Bazgo hydroelectric project on the Indus River, plans to put up three more hydel projects in the Union Territory.

Bikram Singh, NHPC’s Group General Manager, said last week that the company has made a pitch to Lieutenant Governor of Ladakh R K Mathur for putting up hydro-electric power plants at Khalsi (78 MW), Takmachik (45 MW) and Kanuntsey (60MW). The Union Power Ministry is reportedly backing NHPC’s proposal.

Singh said, “The LG wanted more details, particularly on how the projects will benefit Ladakh.” The public-sector firm has explained to the LG that the union territory would get 13% of the power produced by the projects free of cost; 12% under a devolution formula and 1% under the local area development fund scheme.

Ladakh has an electricity surplus in the summers when the rivers are in spate with ice-melt water. However, in winter, very little water flows through the mostly frozen rivers and Ladakh has to import power. If these three projects come up, it would ease the situation because there would be more revenue through selling more power in the summer.

Infrastructure Urban

07 Oct 2025

Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order

Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promot..

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..