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Power Ministry fast-tracks coal block re-allocation to NTPC

Date: 11-01-2013

The Power Ministry is pressurizing Coal Ministry to get faster the re-allocation of three mines - Chatti-Bariatu, Kerandari and Chatti-Bariatu (South) - to NTPC, which will increase the power producer’s valuation ahead of its Rs 12,000 crore disinvestment this fiscal.

The Coal Ministry had taken back these three blocks from NTPC by citing long delays in developing them. The power major’s over Rs 12,000 crore divestment plan will see the light of the day only when clearances related to re-allocation of aforementioned three coal blocks to the company are received by the Power Ministry.

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.