State-owned power generator NTPC Ltd plans to secure around a third of its coal requirement through its own captive coal blocks by 2030, the company said in its annual report. NTPC has been allotted 10 coal blocks with a peak production capacity of more than 100 Million Tons Per Annum (MTPA). With these, the company envisages being one of the largest captive coal mining companies in India.
“The previous fiscal saw the flag off of your company’s first coal rake, from its mining operations at Pakri Barwadih. This coal is being used at Barh Thermal Station of NTPC, in Bihar. This is an important step in the direction of secured fuel supplies for your Company. The medium term target for mining will be able to cater to more than 10 percent of its present coal requirements,” says Gurdeep Singh, Chairman & Managing Director, said to the company’s shareholders in the report.