NTPC Board partially modifies transfer of Coal Mining Business to NTPC Mining Ltd
he state-run NTPC Ltd. Board of Directors has approved a partial modification regarding the transfer of its coal mining business to its wholly owned subsidiary, NTPC Mining Limited (NML).
New Delhi, 29 August 2025:The state-run NTPC Ltd. Board of Directors has approved a partial modification regarding the transfer of its coal mining business to its wholly owned subsidiary, NTPC Mining Limited (NML). The total revenue for FY 2024–25 from the coal mining business proposed to be transferred is Rs 7,735.54 crore, which is 4.05% of the total consolidated revenue of NTPC Limited, which is Rs 1,90,862.45 crore for FY 2024–25.
The net worth of the coal mining business as of 31st March 2025 is Rs 3150.98 crore (30% of the purchase consideration), which is 1.72% of the consolidated net worth of NTPC Limited of Rs 182,881.09 crore as of 31st March 2025.
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The purchase consideration is proposed to be remitted to NTPC Limited by NTPC Mining Limited (NML) in a phased manner and progressively at the time of transfer of each coal mine/block to NML. Initial purchase consideration as of 31st March 2025 is Rs 10,503.27 Crore. This is subject to completion adjustment as per the terms of the Amended BTA.
Further, the coal mining business, comprising six coal blocks or mines and all related assets and liabilities, will be transferred in a phased or progressive manner to satisfy the condition precedents specified in the amended BTA as a going concern on a slump sale basis.
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