
NHPC looks to start commissioning process of 3 units under Subansiri Project in Jun
'It is now anticipated that the process of commissioning of 3 units (250 MW each) of Subansiri Lower HE Project shall be taken up from June 2025, subject to receipt of NDSA,' NHPC said.
The company is waiting for approval from the National Dam Safety Authority (NDSA), it said in an exchange filing.
New Delhi, May 26 (PTI) State-owned NHPC is looking to start the process of commissioning 3 units (250 MW each) of the Subansiri Lower HE Project in June.
The remaining 5 units of 250 MW each are expected to be completed by May 2026 in a phased manner, the company added.
NHPC, under the Ministry of Power, is in the process of constructing the 2,000 Mega Watt (MW) Subansiri Lower Hydroelectric Project.
It is the largest hydroelectric project ever undertaken in India and is a run-of-river project with water storage on the Subansiri River.
It is located near North Lakhimpur on the border of Arunachal Pradesh and Assam. The nearest railhead is Nagaon, and the nearest airport is Lilabari/Dibrugarh.
The estimated annual energy generation from the project in a 90 per cent reliable year is 7,421.59 MU. PTI ABI ABI BAL BAL
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Print
29 minutes ago
- The Print
Rupee strengthens 11 paise to close at 85.68 against US dollar as RBI surprises with jumbo rate cut
Moreover, a surge in the domestic markets supported the rupee at lower levels with both the indices settling with gains of over 1 per cent. Forex traders said the rupee traded on a flat-to-positive note as the RBI surprised the market with a jumbo rate cut. Besides, the rate cut supported by a phased 100 basis points CRR reduction will lower the borrowing costs and boost growth. Mumbai, Jun 6 (PTI) The rupee pared initial losses and appreciated 11 paise to close at 85.68 against the US dollar on Friday, after the Reserve Bank cut repo rate by a higher-than-expected 50 basis points to prop up growth. At the interbank foreign exchange, the domestic unit witnessed heavy volatility. It opened at 85.91, registering a fall of 12 paise over its previous close. But soon pared the losses and saw an early high of 85.66 against the greenback. During Friday's trade, the rupee also saw an intra-day low of 86 and finally settled for the day at 85.68, up 11 paise over its previous close. Dilip Parmar, Senior Research Analyst, HDFC Securities, said, 'The rupee led the pack among Asian currencies, buoyed by the RBI's surprise 50 basis point rate cut. This decisive, growth-driven policy move provided a significant boost to the local currency and fuelled optimism among domestic equity investors.' However, a resurgent dollar index and weakening regional currencies could cap further gains for the rupee, he said. 'From a technical perspective, USD-INR finds support at 85.20 and faces resistance at 86.10.' On Thursday, the rupee snapped its two-day losing streak and closed 8 paise higher at 85.79 against the US dollar. The RBI slashed interest rate by 50 basis points on Friday, a third consecutive reduction, and unexpectedly reduced the cash reserve ratio (CRR) for banks to provide a major liquidity fillip to support the economy amid geopolitical and tariff headwinds. The central bank retained GDP growth projection for the current fiscal at 6.5 per cent. It also changed its monetary policy stance to 'neutral' from 'accommodative', with Malhotra saying further action will depend on incoming data. 'The RBI policy decision was pre-emptive and precise. The surprise CRR cut of 100bps despite a significantly high surplus liquidity signals a strong intent to fast-track transmission while the change in stance back to neutral reflects possible pause on future rate cuts,' Anurag Mittal, Head of Fixed Income at UTI AMC, said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.25 per cent at 98.98. Brent crude, the global oil benchmark, fell 0.26 per cent to USD 65.17 per barrel in futures trade. 'Any further rate cut by the RBI may also pressurise the rupee. However, a positive tone in the domestic markets may support the domestic currency at lower levels. Investors may now focus on the non-farm payrolls report from the US. USD-INR spot price is expected to trade in a range of 85.40 to 86.25,' said Anuj Choudhary – Research Analyst at Mirae Asset Sharekhan. On the domestic equity market front, the 30-share benchmark index Sensex recovered the initial lost ground and closed 746.95 points, or 0.92 per cent higher at 82,188.99, while the Nifty settled 252.15 points or 1.02 per cent up at 25,003.05. Foreign institutional investors (FIIs) purchased equities worth Rs 1,009.71 crore on a net basis on Friday, according to exchange data. PTI DRR TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.


The Print
29 minutes ago
- The Print
RBI raises LTV ratio for small ticket loan against gold
LTV ratio on a day means the ratio of the outstanding loan amount to the value of the pledged eligible collateral as on that day. In case of bullet repayment loans, however, the LTV calculation shall take into account the total amount repayable at maturity. The LTV ratio has been fixed at 80 per cent for loan amounts between Rs 2.5 lakh and Rs 5 lakh and 75 per cent for loans above Rs 5 lakh, said the Reserve Bank of India (Lending Against Gold and Silver Collateral) Directions, 2025. Mumbai, Jun 6 (PTI) The RBI on Friday raised the loan-to-value (LTV) ratio for lending against gold to 85 per cent for borrowings under Rs 2.5 lakh from the present 75 per cent, and spelt out other conditions with an aim to regulate the category in a better way with minimum risk. It further said a lender shall not extend a loan where ownership of the collateral is doubtful. 'A suitable document or declaration shall be obtained from the borrower in all cases to the effect that the borrower is the rightful owner of the eligible collateral,' according to the latest directions. Further, multiple or frequent sanction of loans against eligible collateral to the same borrower, aggregating to a value in excess of a threshold to be decided by the lender, must be examined closely as part of the transaction monitoring under the anti-money laundering (AML) framework. According to the directions, a lender should not grant any advance or loan against primary gold or silver or financial assets backed by primary gold or silver, like, units of Exchange-traded funds (ETFs) or units of mutual funds. The RBI said the aggregate weight of ornaments pledged for all loans to a borrower shall not exceed 1 kilogram for gold ornaments, and 10 kilograms for silver ornaments. The aggregate weight of coin(s) pledged for all loans to a borrower shall not exceed 50 grams in case of gold coins, and 500 grams in case of silver coins. 'Gold or silver accepted as collateral shall be valued based on the reference price corresponding to its actual purity (caratage),' RBI said. A lender will have to release or return the pledged eligible collateral held as security to the borrower(s)/ legal heir(s) on the same day but in any case, not exceeding a maximum period of seven working days upon full repayment or settlement of the loan. A few months ago, the RBI had come out with a draft on gold lending, and Malhotra made it clear that the draft is just a reiteration and consolidation of all the regulations issued earlier. Earlier in the day, RBI Governor Sanjay Malhotra said among other facets, the new gold loan rules will also give clarity on the ownership and include the facility for a self-declaration from the borrower in case he is unable to furnish receipts of the purchase. It will do away with the need for credit appraisal for loans of up to Rs 2.5 lakh where gold is a collateral, he said. The end-use monitoring of loans will be compulsory only if a lender is taking advantage of a loan by classifying it as among priority sector lending, the governor said. The RBI said the directions have to be complied with as expeditiously as possible but no later than April 1, 2026. Loans sanctioned prior to the date of adoption of the directions by the RBI regulated entities will continue to be governed by the extant guidelines applicable. PTI NKD CS TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.


The Print
29 minutes ago
- The Print
PNB cuts lending rate in line with RBI policy
'Great News for Our Valued Customers! Punjab National Bank Makes Your EMIs More Affordable! Following the repo rate cut (6.00% – 5.50%), Punjab National Bank has reduced its RLLR by 50 bps, effective from June 9, 2025,' PNB said in a post on X. Other banks are also expected to make similar announcements soon. New Delhi, Jun 6 (PTI) Hours after RBI's jumbo rate cut, state-owned Punjab National Bank (PNB) on Friday announced up to 50 basis points reduction in lending rate, a move which will help existing and new borrowers. With the reduction in the benchmark repo-linked benchmark lending rates (RBLR), the home loan of the bank will start from 7.45 per cent while vehicle loans from 7.8 per cent per annum. Earlier in the day, the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy. The RBI's six-member monetary policy committee, headed by Governor Sanjay Malhotra and consisting of three external members, voted five to one to lower the benchmark repurchase or repo rate by 50 basis points to 5.5 per cent. It also cut the cash reserve ratio by 100 basis points to 3 per cent, adding Rs 2.5 lakh crore to already surplus liquidity in the banking system. With the latest reduction, the RBI has now cut interest rates by a total of 100 basis points in 2025, starting with a quarter-point reduction in February — the first cut since May 2020 — and another similar-sized cut in April. The central bank, at the same time, changed its monetary policy stance from 'accommodative' to 'neutral', meaning rates could increase or decrease in future depending on incoming data, with Malhotra stating that it may have limited space for further easing. PTI DP TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.