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

Citigroup Allegedly Favoured By Drug Traffickers For Money Laundering Activities

Recent allegations by U.S. law enforcement officials have cast a shadow over Citigroup, one of the world’s largest ban... Read more

Central Bank QE Losses: Financial Realities And Economic Implications

Quantitative Easing (QE) has been a central tool for central banks to stimulate economic growth during periods of financ... Read more

Leadership Shakeup At Citigroup Fuels Succession Rumors

Jane Fraser's recent appointment of three new executives at Citigroup has stirred speculation on Wall Street about the b... Read more

Capital One And Discover Merger: Boosting Competition And Innovation In Financial Services

The potential merger between Capital One and Discover could create a formidable competitor in the financial services ind... Read more

Citigroups Fat-Finger Error: Lessons In Financial Oversight

The financial world was taken aback when Citigroup, one of the largest global banks, was fined £62 million by UK regula... Read more

Titi Coles Legacy In Finance: Pioneering Diversity And Leadership

Titi Cole, one of the most senior Black women in the world of finance, recently exited her high-profile role at Citi. He... Read more