Sikkim landslide causes Rs 327 cr loss to Teesta-V project: NHPC

28 Oct 2024 CW Team

State-run hydro power company NHPC announced on Tuesday that a significant landslide in Sikkim has impacted its 510 MW Teesta-V Power Station, resulting in an estimated loss of approximately Rs 327.67 crore. The power station is currently non-operational and undergoing restoration following flash floods in October 2023.

In a regulatory filing, NHPC stated, "The estimated total amount of loss/re-do cost for material damage (being reported to the insurance company) due to the landslide at Teesta-V Power Station (510 MW), which occurred on August 20, 2024, is Rs 327.67 crore."

The Teesta-V Power Station, with a configuration of 3x170 MW, operates as a run-of-the-river scheme with diurnal storage, designed to harness the hydro power potential of the Teesta River for peak generation during lean seasons. The power station was commissioned in 2008.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..