+
NTPC will transfer its mines to recently established subsidiary
COAL & MINING

NTPC will transfer its mines to recently established subsidiary

The largest energy corporation in the nation, National Thermal Power Corporation (NTPC), has made the decision to transfer its coal mines and mining operations to its recently formed, wholly-owned subsidiary NTPC Mining Limited (NML). According to NTPC officials, the asset transfer procedure has begun following approval from the Union coal ministry. The NML's incorporation is a step towards including a number of other important minerals in the mining pot. Currently, NML has a contract for uranium exploration and mining with the Uranium Corporation of India Limited (UCIL), and it may add new minerals to the mix soon.

Partha Mazumder, the regional executive director for coal mining, stated that the asset transfer is taking place at a time when coal mines have seen a significant increase in coal production. When compared to the production reached in April 2022, NTPC Ltd., the nation's top integrated energy producer, produced significantly more coal from its four active captive mines in April 2023. According to him, the company produced 2.75 MT of coal in April, a significant increase from the 1.11 MT produced in April 2022. Of the four captive mines, Talaipalli is in Chhatisgarh, Dulanga is in Odisha, and Chatti Bariatu and Punkree Burwadih are in Jharkhand.

NTPC also dispatched 2.95 MT of coal in April 2023, a 140% increase over the previous month. This was an all-time high for the company. NML now owns seven coal mines, five of which are located in Jharkhand. While Punkree Burwadih was already producing coal, Chatti Bariatu mine began to produce it. As they are in various phases of clearing and exploration, two other mines, Kerendari and Badam in Hazaribag and Banardih in Latehar would begin production in the near future.

The Union electricity ministry has set NTPC a 34 MT goal for the current fiscal year. The huge increase in coal production, according to Mazundar, is attributable to the NTPC coal mining teams' implementation of digital initiatives, which have elevated operational excellence and enhanced safety in mining operations. Key digital initiatives include a digitised safety management plan called e-SMP; a mobile app for safety, Sachetan; people and machinery tracking system; and integrated coal management system.

The largest energy corporation in the nation, National Thermal Power Corporation (NTPC), has made the decision to transfer its coal mines and mining operations to its recently formed, wholly-owned subsidiary NTPC Mining Limited (NML). According to NTPC officials, the asset transfer procedure has begun following approval from the Union coal ministry. The NML's incorporation is a step towards including a number of other important minerals in the mining pot. Currently, NML has a contract for uranium exploration and mining with the Uranium Corporation of India Limited (UCIL), and it may add new minerals to the mix soon. Partha Mazumder, the regional executive director for coal mining, stated that the asset transfer is taking place at a time when coal mines have seen a significant increase in coal production. When compared to the production reached in April 2022, NTPC Ltd., the nation's top integrated energy producer, produced significantly more coal from its four active captive mines in April 2023. According to him, the company produced 2.75 MT of coal in April, a significant increase from the 1.11 MT produced in April 2022. Of the four captive mines, Talaipalli is in Chhatisgarh, Dulanga is in Odisha, and Chatti Bariatu and Punkree Burwadih are in Jharkhand. NTPC also dispatched 2.95 MT of coal in April 2023, a 140% increase over the previous month. This was an all-time high for the company. NML now owns seven coal mines, five of which are located in Jharkhand. While Punkree Burwadih was already producing coal, Chatti Bariatu mine began to produce it. As they are in various phases of clearing and exploration, two other mines, Kerendari and Badam in Hazaribag and Banardih in Latehar would begin production in the near future. The Union electricity ministry has set NTPC a 34 MT goal for the current fiscal year. The huge increase in coal production, according to Mazundar, is attributable to the NTPC coal mining teams' implementation of digital initiatives, which have elevated operational excellence and enhanced safety in mining operations. Key digital initiatives include a digitised safety management plan called e-SMP; a mobile app for safety, Sachetan; people and machinery tracking system; and integrated coal management system.

Next Story
Infrastructure Transport

Study Launched for Hyderabad–Chennai Bullet Train Corridor

A new feasibility study has been initiated to examine the development of a high-speed rail corridor between Hyderabad and Chennai.The proposed project aims to cut travel time between the two cities to just over two hours, a significant reduction from the current 12-hour journey by conventional trains.The study is being carried out by RITES and forms part of the government’s broader plan to expand high-speed rail connectivity across key cities in southern India.News source: News Today Net..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?