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 : images.financialexpress.com