NTPCNSENTPC Limited· PowerMediumNeutral
Announced Thu, 28 Aug · 21:44 IST

NTPC Limited has informed the Exchange about Revised Cost Estimate-I (RCE-I) of Rammam-III HEPP (3 x 40 MW)

Capex DelayedCapex & Operations View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

NTPC's Board of Directors, in its meeting on August 28, 2025, approved the Revised Cost Estimate-I (RCE-I) for the Rammam-III Hydro Electric Power Project, a 120 MW (3 x 40 MW) facility, at a total cost of Rs. 2,865.56 Crore. This is an update to an earlier disclosure made on September 10, 2014, indicating the project has been under review for over a decade. A revised cost estimate typically points to cost escalation, scope changes, or both since the original sanction. The project is a run-of-river hydro scheme in West Bengal/Sikkim, part of NTPC's clean energy portfolio expansion.

Likely market impact

Cost overruns on hydro projects can squeeze project returns and delay value creation for shareholders. Investors should track the original sanctioned cost (to gauge the size of the escalation) and the revised commissioning timeline, as both affect NTPC's near-term capex and earnings profile.