9.90 (2.84%) NTPC, the largest power utility in the country, is planning to import 17 million metric tonnes (MMT) of coal this fiscal which is higher than the quantity purchased last financial year. The company is facing shortage in domestic fuel supplies so they decided to import.
The total coal requirement of the company is estimated to be around 177 MMT for current fiscal. Out of this, 147 MMT is expected against coal supply agreements and 3 MMT through bilateral MOU/E-auction. The gap of 27 MMT domestic coal is to be mitigated through 17 MMT of imported coal.
Meanwhile, the company is planning to add 1,798 MW generation in the current financial year ending March 2015.
NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.