Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

CCEA approves 2880 MW Dibang Multipurpose Project in Arunachal Pradesh Rs. 1600 crore expenditure

Posted On: 2019-07-19 13:10:38

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has accorded approval for incurring expenditure on preinvestment activities and various clearances for Dibang Multipurpose Project (MPP) in Arunachal Pradesh for an amount of Rs. 1600 crore. The project is being developed by NHPC Limited.

The estimated total cost of Project is Rs. 28080.35 including IDC & FC of Rs 3974.95 crore at Jun'18 price level. The estimated completion period for the project shall be nine years from receipt of Government sanction.

The project shall generate 2880MW (12x240MW) power to produce 11223MU of energy in a 90% dependable year. This is the largest ever Hydro Electric Projects to be constructed in India. The dam is 278 metres high and will be the highest dam in India once completed.

The Project is located on river Dibang, in Lower Dibang Valley District of Arunachal Pradesh. The project envisages construction of a 278m high Concrete Gravity Dam (above deepest foundation level), 6 Nos. horseshoeshaped Head Race Tunnels of length varying from 300m to 600 m with 9 m dia., an underground Power House and 6 Nos. horseshoe-shaped Tail Race Tunnels of length varying from 320m to 470 m with 9m dia.

On completion, the Government of Arunachal Pradesh will get 12% free power from the project i.e. 1346.76 MU. 1% free power (i.e. 112 MUs will be given in Local Area Development Fund (LADF). The total value of benefit to Arunachal Pradesh· from Free power and contribution to LADF will be Rs 26785 crore over the project life of forty years.

Dibang Multipurpose Project (Dibang MPP) is envisaged as a storage based hydro-electric project with flood moderation as the key objective. The construction of Dibang MPP shall prevent the sizeable downstream area from floods. After implementation of master plan of Brahmaputra Board for flood moderation of all rivers contributing to river Brahmaputra, of which Dibang MP~ is one of the component, sizable area will be pro.tected from flooding and help in mitigating the perennial damage due to floods in Assam.

The project is having all statutory clearances viz. TEC, Environment Clearance, Forest Clearance (Stage-1) and Defence Clearance except Forest Clearance (Stage-ll)for seeking Investment Sanction from Govt. of India.

The approval of anticipated expenditure on pre-investment activities and various clearances shall enable payment towards compensation for land acquisition and R&R activities (Rs. 500.40 Crores) to project affected families and state government, payment of Net Present Value (NPV) of forests, Compensatory Afforestation (CA), Catchment Area Treatment Plan (CAT) to the state government for forest lands, to secure the Forest Clearance (Stage-H) and construction of roads and bridges for accessing project site. In addition to the mandated R&R plan, it is also proposed to spend Rs. 241 crore on Community and Social Development plan and certain concerns raised by the local people during the public hearings. It is also proposed to spend an amount of Rs. 327 lakhs on a plan for protection of culture and identity of local people.

Shares of NHPC LTD. was last trading in BSE at Rs.23.4 as compared to the previous close of Rs. 23.8. The total number of shares traded during the day was 108817 in over 229 trades.

The stock hit an intraday high of Rs. 23.85 and intraday low of 23.3. The net turnover during the day was Rs. 2567278.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Karnataka Bank board approves QIP

HCL Infosystems Reports Revenue of Rs. 429 Crore in Q3 FY20

Adani Green Energy Ltd allotted 700 MW Wind - Solar Hybrid Power Project

CCL Products (India) Ltd board declares interim dividend of Rs. 2

Maruti Suzuki announces price increase of select models from Jan 27, 2020

NTPC to acquire stake in in NEEPCO, THDC from Government of India

Music Broadcast Ltd Board recommends 1:4 Bonus Issue

Mount Shivalik Industries Ltd announces end of lease agreement for restaurant

Karnataka Bank Limited board recommends 1:10 bonus issue

CCL Products India Ltd Q3 consolidated net profit climbs to Rs. 46.99 crores

Confidence Petroleum India Ltd consolidated Q3 PAT at Rs. 18.05 crores

Kriti Industries India Ltd posts net profit of Rs. 3.98 crore in Q3 FY20

Bhansali Engineering Polymers Ltd reports Rs. 16.91 crores PAT in Q3

IIFL Finance Ltd Q3 consolidated PAT jumps to Rs. 153.36 crores

V2 Retail Ltd Q3 FY20 net profit at Rs. 20.75 crores

Music Broadcast Ltd Q3 net profit at Rs. 10.18 crore

United Spirits Ltd consolidated Q3 net profit up at Rs. 235.3 crores

Gulshan Polyols Ltd posts net profit of Rs. 4.77 crore

Artson Engineering Ltd reports Q3 FY20 loss of Rs. 1.20 crore

SNL Bearings Ltd Q3 PAT lower at Rs. 0.50 crore

Gandhi Special Tubes Ltd Q3 PAT slides to Rs. 4.54 crore

Vinyoflex Ltd Q3 net profit at Rs. 0.62 crore

JK Paper Ltd consolidated Q3 net profit rises to Rs. 131.86 crores

TATA Steel Long Products Ltd posts Rs. 112.19 crores loss in Q3 FY20

Prakash Industries Registers Growth in Sales Volume during Q3

Torrent Pharmaceuticals Ltd board approves fund raising of Rs. 5000 crores

Prakash Industries Ltd to participate in coal block auctions

PTC India Financial Services Ltd reports Rs. 43.06 crores consolidated profit in Q3 FY2020

Varun Mercantile Ltd posts PAT of Rs. 0.05 crore in Q3

Torrent Pharmaceuticals Ltd consolidated Q3 FY2020 net profit higher at Rs. 251 crores

H G Infra Engineering Ltd Q3 FY20 consolidated PAT slips to Rs. 33.49 crore

Reliance Chemotex Industries Ltd Q3 PAT at Rs. 2.44 crore

LMW Q3 consolidated PAT falls to Rs. 3.25 crore

Ramco Industries Ltd invests in Lynks Logistics Ltd

IndiGo reports net profit of INR 4,960 million and EBITDAR of INR 19,607 million in Q3 FY20

Suncare Traders Ltd Board approve Sub-Division of Equity Shares & Bonus Issue

HDFC Q3 consolidated PAT rises YoY to Rs. 3835.38 crores

Shanthi Gears Ltd reports lower PAT of Rs. 6.09 crores in Q3

TCS Recognized as a Leader in the IDC MarketScape for European Managed Cloud Services

TCI Express Ltd board declares 2nd interim dividend of Rs. 1.50

DCM Shriram Limited board declares 2nd interim dividend of Rs. 4.20

Kkalpana Industries (India) Ltd to form subsidiary in UAE

Welcast Steels Ltd reports loss in Q3 FY20

Navin Fluorine International Ltd consolidated Q3 FY20 net profit at Rs. 45.41 crore

Mold-Tek Technologies Ltd reports consolidated PAT of Rs. 3.35 crore in Q3

DCM Shriram Ltd consolidated Q3 PAT drops YoY to Rs. 174.35 crore

Triveni Glass Ltd reports Rs. 6.73 crore net profit in Q3

TCI Express Ltd Q3 net profit up at Rs. 25.54 crore

Bharat Seats Ltd posts PAT of Rs. 2.33 crore in Q3

Spark Minda strengthens its senior leadership team







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019