NTPC is planning to spend Rs 8,900 crore in order to develop its own mines. With this initiative, it aims to reduce the share of imported coal in its total consumption to 10% in three years from 21% at present. With this initiative, the company can reduce its dependence on Coal India, its largest supplier from 81.7% now to 72% in 2017.
The company has already invested around Rs 1,400 crore in the six mines that have been allotted and another Rs 7,500 crore will be spent in the next four years. NTPC aims to produce around 3 million tonnes during 2013-14, which is expected to touch 37 mt by 2016-17.
