The Business Bytes
TBB BUREAU
RANCHI, AUG 15, 2023
NTPC Coal Mining Headquarters, Ranchi, celebrated the 77th Independence Day with great enthusiasm and patriotic fervour on Tuesday.
NTPC Regional Executive Director (Coal Mining) MVR Reddy graced the occasion as the chief guest and hoisted the tricolor. He also paid tributes to the freedom fighters who sacrificed and dedicated their lives for India’s independence.
Stressing the increase in power demand across the country, Reddy urged the Coal Mining Team to share the responsibility for partly meeting the coal demand of NTPC thermal stations.
The ED (Coal Mining) shared that the installed capacity of NTPC Group has risen to 73024 MW comprising 50 NTPC Stations out of which 26 are coal-based stations. “To support our core business of power generation with quality fuel at a competitive price, it’s our prime responsibility to maintain sustainable coal production from our captive mines,” he added.
NTPC currently has seven coal blocks with an estimated peak-rated mine capacity of 71 MMTPA.
NTPC is already producing coal from four mines i.e. Pakri-Barwadih, Dulanga, Talaipalli and Chatti-Bariatu.
NTPC has achieved total coal production of 23.20 MMT from its mines during FY 2022-23, which is 65% higher production than FY 2021-22.Coal production in Q1 of FY 23-24 stands at 8.59 MMT, which is the highest-ever production in a quarter by NTPC and 101% higher than Q1 of FY 2022-23. To date, NTPC Coal Mining has dispatched nearly 81 million tonnes of coal to our power plants, he said.
Sharing the future plans of NTPC Mining business, Reddy said, “NTPC has incorporated a wholly owned subsidiary, NTPC Mining Ltd. (NML) and the Union Coal Ministry has given the permission for the transfer of NTPC’s coal mines to NML. Now the asset transfer processes shall be carried out.
On the occasion, he expressed his sincere thanks to CMHQ and project teams, seniors and peers in NTPC, Ministry of Power, Ministry of Coal, and other Government of India Ministries, State Government of Jharkhand, Odisha, Chhattisgarh, and all the stakeholders and associates.
In the felicitation ceremony, merit awards were given to ten employees of CMHQ for their outstanding contributions.
