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NTPC terminates coal mining contract with BGR

09 Jul 2019 Evaluate

NTPC has terminated contracts it had awarded to BGR Mining & Infra for development of its coal mines in Jharkhand and Chhattisgarh over allegations of corruption against senior officials of the private mining company.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.

Peers
Company Name CMP
NTPC 322.50
Tata Power 350.15
Adani Power 200.25
Power Grid Corpn. 257.95
Adani Energy Solut. 1362.90
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