NTPC Ltd. Partially Modifies Transfer of Coal Mining Business to NTPC Mining Limited

In a recent development, NTPC Ltd. announced a partial modification in the transfer of its coal mining business to its wholly owned subsidiary, NTPC Mining Limited (NML). The Board of Directors of NTPC Limited approved the modification in a meeting held on 28th August 2025. The coal mining business contributes 4.05% of the total consolidated revenue and 1.72% of the consolidated net worth of NTPC Limited for FY 2024-25. The sale is expected to be completed within 365 days from the signing of the Amended Business Transfer Agreement (BTA), subject to statutory approvals. The purchase consideration is proposed to be remitted in phases, with an initial amount of ₹10,503.27 Crore. This transaction is being carried out at the book value of the Coal Mining Business and has been approved by the Audit Committee and Board of Directors.