Ranchi: NTPC Limited delivers stellar half-yearly performance in FY 2023-24, in producing coal from its four operational captive coal mines i.e. Pakri Barwadih & Chatt-Bariatu Coal Mines in Jharkhand, Dulanga Coal Mine in Odisha and Talaipalli Coal Mine in Chhattisgarh.
Till date, NTPC has produced about 85+ million metric tonnes (MMT) of coal since inception. Further mine operations have also started from the Kerendari mine in April’23 and coal production is expected to start in the current fiscal. NTPC’s captive coal mining fits strategically in its backward integration initiative for providing fuel security to its power generation business.
In FY 22-23, NTPC produced 23.20 MMT of coal from its four captive coal mines i.e. Pakri Barwadih, Dulanga, Talaipalli & Chatti- Bariatu. The coal production in this fiscal till Sep 2023, was 16.05 MMT, posting a robust 83% growth over the coal production of 8.76 MMT achieved in the same period of last year.
NTPC thus achieved the highest ever production in Q1, Q2 and H1 in FY 23-24. With meticulous planning, resource mobilisation and regular monitoring, NTPC could achieve substantial growth even during the monsoon period and is hopeful of maintaining this increasing trend with an aim to meet the ambitious targets stipulated by the Ministry of Power for FY 23-24.
NTPC has incorporated its 100% wholly owned subsidiary namely, NTPC Mining Limited (NML) for developing the focussed mining competency by creating a dedicated business, and recently the Business Transfer Agreement (BTA) was executed on 17th Aug’23 between NTPC Ltd and NML.