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NTPC to invest Rs 2648 crore for development of three coal blocks in Odisha: Report

14 Dec 2016 Evaluate

NTPC is reportedly planning to invest Rs 2648 crore for development of three coal blocks in Odisha. The company will invest Rs 684 crore in the Dulanga coal block, which is linked to its Dariplalli super thermal power project that has the capacity to generate 1,600 Mw of power. The power project, which is supposed to come up in Sundargarh district, will attract an investment of Rs 12,532 crore from NTPC.  

Apart from the Dulanga coal block, NTPC was also allocated the Mandakini-B coal block last year to help fuel its first 4,000-Mw power plant in Telangana. The Mandakini block will receive an investment worth Rs 1,500 crore.

In the same year, the state-run firm entered into a joint venture (JV) with the Jammu and Kashmir State Power Development Corporation (JKSPDCL) to form a JV company for mining at the Kudanali-Luburi coal block, where Rs 500 crore will be invested for development purposes.

NTPC is an Indian central Public Sector Undertaking (PSU) under the Ministry of Power, Government of India, engaged in the business of generation of electricity and allied activities.

NTPC Share Price

402.20 1.75 (0.44%)
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Company Name CMP
NTPC 402.20
Tata Power 436.00
Adani Power 225.15
Power Grid Corp 313.90
Torrent Power 1724.80
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