-2.75 (-0.79%) State-run NTPC is expected to get three out of its five de-allocated mines- Chatti Bariatu, Chatti Bariatu (S), Kerandari, Brahmani and Chichiro Patsimal - in Jharkhand from the government this month. Last year Coal Ministry had de-allocated NTPC’s five mines following the power firm’s failure to develop them within the stipulated time-frame.
Coal Ministry has allocated remaining two of the five de-allocated coal blocks of the PSU - Brahmani and Chichiro Patsimal - to Coal India (CIL). The Ministry has also asked CIL to appoint mine developers to begin the production from the blocks at the earliest.
NTPC is the largest power generating major in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.