The Business Bytes
Ranchi, October 01, 2024 (TBB Bureau): NTPC Mining has delivered an outstanding performance in the first half (H1) of FY 2024-25 (FY25), producing over 19 million metric tonnes (MMT) of coal, marking a 20% year-on-year (YoY) growth. Additionally, the company dispatched 19.7 MMT of coal to NTPC’s power stations, registering a 16% increase compared to the previous financial year.
Despite the challenges posed by heavy rainfall in the Hazaribagh region of Jharkhand, where the majority of NTPC’s coal mines are located, the company achieved significant growth in Q2 FY 2024-25. It recorded 9.30 MMT of coal production in Q2, compared to 7.45 MMT in the same period of FY 2023-24, representing a 25% YoY growth. On the dispatch front, NTPC Mining reported a 14.5% YoY growth in Q2, with approximately 9.5 MMT of coal dispatched to various power stations.
NTPC Coal Mining continues to surpass its production targets, solidifying its position as a major player in the captive coal mining sector. Looking ahead, the annual production target for FY 2024-25 has been revised upward to 40 MMT, compared to last year’s target of 34 MMT. The mining team is committed to maintaining this upward momentum and achieving its ambitious goals.
Since its inception, NTPC Mining has produced over 123 MMT of coal and dispatched more than 121 MMT from its five operational captive coal mines: Pakri Barwadih, Kerandari, and Chatti Bariatu in Jharkhand, Dulanga in Odisha, and Talaipalli in Chhattisgarh. This consistent performance has been instrumental in ensuring fuel security for NTPC’s thermal power stations, which power one in every four homes in the nation.
NTPC Mining’s strong performance aligns with the company’s mission of contributing to India’s energy self-reliance (“AtmaNirbharta”) and is a key component in the broader vision of a “Viksit Bharat” (Developed India).
