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.

Building Material

18 Sep 2025

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..