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Ranchi, April 2 (HS). Public sector power company NTPC Limited, India's leading integrated power utility recorded stellar performance from its five operational captive coal mines located in the states of Jharkhand, Odisha and Chhattisgarh with record coal production of 34.39 MMT in FY '24 till March 31 which has exceeded the target set by the Government of India and with a significant growth of 48.21 percent. NTPC Chief Executive Officer Animesh Jain gave this information to journalists at Ranchi headquarters on Tuesday.
He informed that the company achieved an impressive coal dispatch of 34.15 MMT in FY '24, registering a YoY growth of 55.50 per cent. Moreover, it surpassed its capex utilization target by achieving capex of INR 1640 crore.
Moreover, NTPC Coal Mining achieved the highest single day coal production and dispatch of 1.8 LMT and 1.29 LMT respectively. Coal production has started from Kerendari Coal Mining Project, which is the fifth captive mine of NTPC. All the five operational coal mines of NTPC have achieved and exceeded their targets and are gearing up to set new benchmarks in the future.
He informed that Dulanga Coal Mining Project has achieved five star rating from the Ministry of Coal, Government of India and is among the top three mines in the country for the last three years.
NTPC Mining Limited (NML), a wholly owned subsidiary of NTPC Ltd, has received revised allocation agreements for six coal mines previously allotted to NTPC by the Ministry of Coal. NML has also won the North Dhadu (East) coal block in the state of Jharkhand under the coal block auction conducted by the Ministry of Coal. Additionally, NML has received a credit rating of AAA from CRISIL and CARE. He informed that till date, NTPC has produced approximately 103 coal mines from its five operational captive coal mines (viz. Pakri Barwadih and Chatt-Bariatu and Kerendari coal mines in Jharkhand, Dulanga Coal Mine in Odisha and Talaipalli Coal Mine in Chhattisgarh) since the start of production. Million metric tonnes (MMT) of coal has been produced.
He informed that NML is fueling 13 per cent of NTPC thermal generation, thereby contributing to energy self-sufficiency and envisages reaching a capacity of 100 million tonnes per annum. NML's remarkable growth in coal production and dispatch is a testament to its dedication to operational excellence and its contribution in meeting India's energy demands. The company will continue to implement innovative technologies and safety practices to further enhance its performance and support the country's energy goals.