NTPC Coal Output From Captive Mines More Than Doubled To 2.75 Mt In April

Listen to This Article

State-owned NTPC Ltd on Tuesday reported an over two-fold jump in production of coal from its captive mines at 2.75 million metric tonnes in April 2023.

"NTPC recorded 2.75 million metric tonnes (MMT) of coal production during the month of April 2023 as compared to 1.11 MMT recorded for the month of April 2022," a company statement said.

Coal despatch at 2.95 MMT in April 2023 over despatch volumes of 1.23 MMT achieved in April 2022 was highest ever.

NTPC recorded a coal production of 23.2 million tonnes in FY23, witnessing a 65 per cent growth against 14.02 million tonnes a year-ago from its four operational coal mines -- NTPC Pakri-Barwadih (Jharkhand), NTPC Chatti Bariatu (Jharkhand), NTPC Dulanga (Odisha) and NTPC Talaipalli (Chhattisgarh).

NTPC Group installed power capacity stands at 71,644 megawatt (MW) at present.

Meanwhile, in a regulatory filing, the company said the unit-1 of 660 MW of 1320 MW (2x660) Maitree Super Thermal Power Plant (MSTPP) at Rampal, Mongla, Bagerhat of Bangladesh-India Friendship Power Company (Pvt.) Limited (BIFPCL), a foreign JV company of NTPC Ltd, is included in the installed & commercial capacity of NTPC Group effective December 23, 2022.

With this, the total installed and commercial capacity of NTPC group has become 72,304 MW.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECENT NEWS

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more

JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism

In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more

Big Banks Vs. Regional Banks: The Battle For Market Share

The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more

The Evolution Of Philanthropic Advisory Services In Private Banks

The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more