NTPC to hive off coal mining business into arm in Rs 7,795-crore deal
MUMBAI – State-owned power producer NTPC Ltd has received board approval to hive off its coal mining operations into a wholly-owned subsidiary NTPC Mining Ltd. The coal mining business generated revenue of Rs 4,012 crore in FY23, and contributed 2.25% to NTPC’s total revenue during the period. NTPC Mining is a 100% subsidiary of NTPC … Read more