NTPC approves Rs 3k crore investment for coal mining project

The board of NTPC has approved investment of Rs 3,004 crore for Talaipalli Coal Mining Project which has an estimated 18 million tonnes per annum capacity in Chhattisgarh.

In a statement, the state-owned company said, “In line with the Corporate Disclosure requirements, we wish to inform that the Board of Directors of the Company has accorded investment approval for Talaipalli Coal Mining Project (18 Million Tonnes per annum) at an appraised current estimated cost of Rs 3,004 crore.”

The statement said coal mining is integral to NTPC’s fuel security strategies. NTPC realises that greater self reliance on coal will go a long way in ensuring the sustained growth of power generation.

NTPC has been allotted coal blocks namely, Pakri-Barwadih, Chatti-Bariatu, Kerandari, Dulanga, Talaipalli and Chatti-Bariatu (South), Banai, Bhalumunda and Mandakini B.

Image Credit : images.financialexpress.com

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