NTPC Energizes Tehri PSP Expansion as SEBI Dispels Options-Cash Rumors

Major Developments:

1. NTPC's Tehri PSP Unit-II starts commercial operations
- NTPC's wholly owned subsidiary THDC India Limited has declared commercial operation of the second 250 MW unit of the Tehri Pumped Storage Plant (PSP) at Uttarakhand.
- This milestone, in operation from July 10, 2025, raises THDC's installed capacity to 2,747 MW and NTPC Group's total capacity to 82,836 MW.
- Tehri PSP is India's first Variable Speed Pumped Storage facility, which will stabilize the grid by pumping during non-demand hours and supplying during demand hours.
- Once all four units are commissioned, Tehri Hydro Power Complex will have installed capacity of 2,400 MW and will be India's biggest hydropower plant.
- The project boasts high-end turbines and computerized control systems from GE Vernova, a leap forward in hydroelectricity.

2. SEBI Clarifies: No Options-Cash Link Proposal
- India's SEBI denied in a statement a report by the media that a proposal to link options leverage ceilings to cash market holdings has been submitted.
- The regulator confirmed that there is no such scheme in the works and reaffirmed its commitment to open regulatory processes.
- This explanation arrives in the aftermath of increased scrutiny after SEBI's recent move against Jane Street on charges of market manipulation. - Denial soothed investor fears and eased market mood following speculatory news that provoked sharp responses in trading activity.

Sources: MarketSetup.in, THDC India Limited, CNBC-TV18, Economic Times, Moneycontrol, PSU Khabar, Energetica India Magazine, Reuters