NTPC Clears Rs 105 Billion Coal Biz Transfer to Subsidiary
COAL & MINING

NTPC Clears Rs 105 Billion Coal Biz Transfer to Subsidiary

State-owned power major NTPC Ltd has announced board approval for a partial modification in the transfer of its coal mining business to its wholly owned subsidiary, NTPC Mining Ltd (NML). The revised transfer will take place under an Amended Business Transfer Agreement (BTA) to be signed on or before 30 September 2025, with completion targeted within a year, pending statutory approvals.
As per NTPC’s financials for the fiscal year ended 31 March 2025, the coal mining vertical generated revenue of Rs 77.36 billion, contributing 4.05 per cent to NTPC’s consolidated revenue of Rs 1.91 trillion. The division had a net worth of Rs 31.51 billion, representing 1.72 per cent of the group’s consolidated net worth of Rs 1.83 trillion.
The total consideration for the transaction has been fixed at Rs 105.03 billion as of 31 March 2025. NTPC Mining Ltd will make payments to NTPC in phases, aligned with the progressive transfer of each coal mine or block. The transaction, classified as a related-party deal, will be executed at book value based on audited accounts, and has received clearances from both the Audit Committee and the Board.
The transfer will involve six coal blocks, along with all associated assets and liabilities, and will be carried out on a slump-sale basis as a going concern. The restructuring is intended to consolidate coal mining operations under a specialised subsidiary, enabling improved operational efficiency and sharper business focus within the NTPC group. 

State-owned power major NTPC Ltd has announced board approval for a partial modification in the transfer of its coal mining business to its wholly owned subsidiary, NTPC Mining Ltd (NML). The revised transfer will take place under an Amended Business Transfer Agreement (BTA) to be signed on or before 30 September 2025, with completion targeted within a year, pending statutory approvals.As per NTPC’s financials for the fiscal year ended 31 March 2025, the coal mining vertical generated revenue of Rs 77.36 billion, contributing 4.05 per cent to NTPC’s consolidated revenue of Rs 1.91 trillion. The division had a net worth of Rs 31.51 billion, representing 1.72 per cent of the group’s consolidated net worth of Rs 1.83 trillion.The total consideration for the transaction has been fixed at Rs 105.03 billion as of 31 March 2025. NTPC Mining Ltd will make payments to NTPC in phases, aligned with the progressive transfer of each coal mine or block. The transaction, classified as a related-party deal, will be executed at book value based on audited accounts, and has received clearances from both the Audit Committee and the Board.The transfer will involve six coal blocks, along with all associated assets and liabilities, and will be carried out on a slump-sale basis as a going concern. The restructuring is intended to consolidate coal mining operations under a specialised subsidiary, enabling improved operational efficiency and sharper business focus within the NTPC group. 

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code