PSU NEWS
NTPC anticipates 40MMT coal production target in FY25
State-owned NTPC Ltd aims to produce 40 million tonnes of coal from its captive mines this fiscal year, a 17% increase from FY24.
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New Delhi: NTPC, the power generation company, has announced that it will be able to meet over 15% of its fuel requirement for its plants through in-house coal mining in the fiscal year 2025. In the fiscal year 2024, the company dispatched 34.15 million tonnes of coal, while producing 34.38 million tonnes.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYThe company was able to achieve this feat by implementing several strategies and technologies, such as improved mine planning, equipment automation, workforce training, and the implementation of continuous monitoring and analysis systems.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsThese measures led to higher production of coal. In February 2024, the company achieved the milestone of 100 million metric tonnes of coal production.
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