Joint Venture1 Oct 2025, 12:02 pm
NTPC Ltd Transfers Two Coal Blocks to Subsidiary NTPC Mining Limited
AI Summary
In accordance with the amended Business Transfer Agreement (BTA) dated 17' September 2025, NTPC Limited has transferred two coal blocks/mines to its wholly owned subsidiary, NTPC Mining Limited. The transferred coal blocks are Chatti Bariatu Coal Mine located in Hazaribag, Jharkhand, and Badam Coal Mine also located in Hazaribag, Jharkhand. This transfer is a continuation of NTPC's strategy to hive-off its coal mining business to NTPC Mining Limited.
Key Highlights
- NTPC Ltd transfers two coal blocks to its subsidiary NTPC Mining Limited.
- The transferred coal blocks are Chatti Bariatu Coal Mine and Badam Coal Mine, both located in Hazaribag, Jharkhand.
- This transfer is in accordance with the amended Business Transfer Agreement (BTA) dated 17' September 2025.
- NTPC Ltd is hiving-off its coal mining business to NTPC Mining Limited.
- The transfer is effective from 1st October 2025.