NCC-BGR Infra consortium bags coal mine project from NTPC

New Delhi: Infra firm NCC Ltd today said that the consortium formed by it and BGR Infra has bagged a project from NTPC to develop and operate around Rs 25,071 crore coal block in Chhattisgarh.

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“The consortium formed between NCC and BGR Infra has been awarded the project relating to mine development and operation of Talaipalli coal block (MDO project) by NTPCNational Thermal Power Corporation Limited, is an Indian Public Sector Undertaking, engaged in the business of generation of electricity and allied activities. It is a company incorporated under the Companies Act 1956 and a "Government Company" within the meaning of the act. The headquarters of the company is situated at New Delhi. NTPC's core business is generation and sale of...,” the infra firm said in a filing to BSE.

The coal ministry allocated the coal block located in Chhattisgarh. The dry fuel from this block will be put to captive use for NTPC’s 4,000 MW Lara Power Project.

A special purpose vehicle to be formed between NCC Ltd and BGR Mining & Infra Ltd with a sharing ratio of 51:49 will execute the project.

The peak rated capacity of the mine is 18 million tonnes per annum which is to be achieved by the fifth year of commencement of operation, it said adding that the coal production from the block is likely to being in FY’20.

“The value of the project is estimated to be Rs 25,071 crore to be executed over 25 years and the annual revenue at rated capacity is about Rs 1,000 crore at current prices,” it said.
This story has not been edited by coalpost and is auto-generated from a syndicated feed of ET https://energy.economictimes.indiatimes.com/news/coal/ncc-bgr-infra-consortium-bags-coal-mine-project-from-ntpc/61742467?utm_source=RSS&utm_medium=ETRSS

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