Cabinet approves Rs 17.5 billion Tato-I Hydro Project

28 Nov 2024 CW Team

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved an investment of Rs 17.5 billion for the Tato-I Hydro Electric Project (HEP) in Arunachal Pradesh's Shi Yomi district. With an installed capacity of 186 MW, the project is expected to generate 802 million units (MU) of energy annually, bolstering power supply in the state and contributing to the national grid's stability.

To be completed in 50 months, the project will be executed by a joint venture between the North Eastern Electric Power Corporation Ltd. (NEEPCO) and the Arunachal Pradesh government. The government has allocated Rs 773.7 million for enabling infrastructure, such as roads and transmission lines, and Rs 1.20 billion as central financial assistance for the state’s equity share in the venture.

Arunachal Pradesh will receive 12% of the generated power as free electricity, with an additional 1% allocated to a Local Area Development Fund (LADF). The project aims to boost socio-economic development in the region by funding local infrastructure, including roads, schools, hospitals, and marketplaces. A dedicated Rs 150 million will support these initiatives, along with CSR-led community welfare programs.

The project will also create local employment opportunities and improve connectivity through the construction of 10 kilometers of roads and bridges. As a key component of India’s renewable energy goals, the Tato-I HEP reinforces the government’s commitment to infrastructure development and energy security in the northeastern states.

(ET)

Real Estate

05 Dec 2025

Baashyaam Completes Rs 12.12-Bn Purchase of Prime Nungambakkam Land

Baashyaam Group has completed the registration of a landmark 5.8-acre property on Haddows Road in Nungambakkam, marking one of Chennai’s largest real-estate transactions in recent years. The land parcel, acquired from Standard Chartered Bank, carries a combined value of about Rs 12.12 billion including registration charges.The company is currently evaluating its development strategy for the plot, which sits in one of the most sought-after neighbourhoods in the city. With large contiguous land parcels becoming increasingly rare in central Chennai, the acquisition is expected to play a signifi..

IRFC Raises $300 Mn via SMBC Loan to Drive IRFC 2.0 Expansion

Indian Railway Finance Corporation (IRFC) has secured a $300 million loan from Japan’s Sumitomo Mitsui Banking Corporation (SMBC), marking its first commercial market borrowing since 2021. The finance pact, disclosed through an exchange filing, represents a renewed push by the company to tap global funding avenues as it prepares for a broader developmental role under its IRFC 2.0 vision.The five-year facility is benchmarked to the Tokyo Overnight Average Rate (TONAR), aligning the borrowing structure with Japan’s key interest rate indicator. IRFC, a Navratna public sector enterprise, said ..

ICSI Advocates Principle-Based Stewardship to Tackle Climate Change

With COP30 concluding in Brazil, the Institute of Company Secretaries of India (ICSI) has pressed the need for a principle-based corporate response to climate change and highlighted the strategic importance of embedding Environmental, Social and Governance (ESG) principles into business frameworks for long-term competitiveness.As a statutory body advancing corporate governance best practices, ICSI has positioned stewardship as responsible management of assets and relationships for sustained value creation, introducing the ICSI Guiding Principles on Stewardship (IGPS). The International Financi..