NTPC planning to enter coal mining business

KOLKATA -  NTPC Limited,is  planning to enter the coal-mining industry, with the aim of producing coal from captive domestic mines, as well as forming plans to acquire overseas coal assets.

 

According to an official in the Power Ministry, NTPC's entry into the coal mining market was strategic - to source 100-million tonnes a year of coal from ten captive mines, and to gain more efficient raw material security for thermal power generation and partially reduce dependency on Coal India Limited (CIL).

 

A mining division was part of the company’s $1.5-billion plan over the next three years to bring down merchant import coal dependency from 21% to 10% through a combination of developing captive mines and acquiring a stake in overseas coal assets.  Miningweekly.com