NHPC Limited — Important, 02-01-2025: General Updates
02-01-2025 | 06:17 pm
02-01-2025 | 06:17 pm
NHPC Limited has provided an update regarding the Teesta-V (510 MW) Power Station, confirming the receipt of the second gross payment of ₹250.00 crore under a Mega Insurance Policy. This payment is in relation to the insurance claim for business interruption losses caused by the flash flood that occurred on October 4, 2023. This financial boost strengthens NHPC’s position as it navigates the aftermath of the flood, which had previously disrupted operations. Stakeholders should monitor the progress of recovery actions as this development could positively impact the company's operational stability and future performance.
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