NCC expects to start production from Talaipalli coal block next year

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.

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