NTPC creates separate company for coal mining
NEW DELHI: State-owned power giant NTPC on Friday announced incorporation of a subsidiary NTPC Mining Ltd, paving the way for its foray into commercial coal mining.
The power sector behemoth also has plans to list the coal subsidiary on stock exchanges.
“NTPC Ltd has incorporated a wholly owned subsidiary in the name of ‘NTPC Mining Ltd’ with Registrar of Companies, NCT of Delhi on August 29, 2019 for taking up coal mining business,” the company said a BSE filing.
An official on the condition of anonymity said NTPC has the plan to set a coal subsidiary, which would cover operations of its all coal mines and will be run like a coal company.
