Fate of NTPC’s Tapovan project hangs in balance after Rs 1,500 crore loss

NEW DELHI: The fate of NTPC’s 520-MW Tapovan-Vishnugad hydel project hangs in balance as India’s largest power company is estimated to have suffered a loss of Rs 1,500 crore due to damage to the construction caused by Sunday’s flash flood in Uttarakhand’s Rishiganga river.

The company, however, told the BSE on Monday that the “damage may not be considered material or significant” as per Sebi norms in the light of overall size of the company’s operations and its total capacity and “appropriate insurance cover” was available for the losses or damage suffered”.