NCC expects to start production from Talaipalli coal block next year

NCC Limited is eyeing to start development and operation of Talaipalli coal block from 2019-20 onwards and contribute about Rs 190 crore to topline during the first year of its commercial operation.

A PTI report said the company is also betting big on infrastructure and housing projects from Amaravati, the new capital of Andhra Pradesh which is under development stage.

Y D Murthy, Executive President (Finance), NCC Ltd, was quoted as saying by PTI: “The work will start in FY18. Commercial production may start from 2019-20. In the first year of commercial operations, we are aiming at 4 million tonnes of coal extraction and supply.”

“We are looking at a topline of Rs 380 crore (from the block), in which our share will be Rs 190 crore,” he added.

Image Credit :

Download Now – Special Research Report

A 110 page special research report that highlights around 580 key investments happened in the year 2018-19.

Daily Newsletter

Enter your email address:

Delivered by FeedBurner