NTPC Transfers Major Coal Mines to Subsidiary in Strategic Move

NTPC Ltd has transferred the Kerandari Coal Mine to its subsidiary NTPC Mining Ltd, following an amended Business Transfer Agreement. The transfer aligns with NTPC's phased plan to move six coal mines and associated assets. The transition is expected to finalize within a year, pending approvals.

NTPC Ltd, the prominent Indian electricity generation company, has announced its strategic move by transferring the Kerandari Coal Mine to its wholly-owned subsidiary, NTPC Mining Ltd (NML). This action is part of a broader agreement to centralize coal mining operations under NML.

Earlier this month, NTPC handed over the Chatti Bariatu and Badam Coal Mines, both situated in Jharkhand, to NML in accordance with the amended Business Transfer Agreement (BTA) signed on September 17. This progressive transfer strategy is aimed at enhancing operational efficiency and focus.

The company plans to eventually shift control of six mines and related assets to NML over the next year. This move is contingent upon fulfilling certain prerequisites as per the BTA and securing necessary regulatory approvals. As of March 2025, the net worth of the coal mining business stands at Rs 3,150.98 crore.

(With inputs from agencies.)