New Delhi: NTPC Limited has announced that its Board of Directors has approved a partial modification to the transfer plan of its coal mining business to its wholly owned subsidiary, NTPC Mining Limited (NML).
Financial Impact of Transfer
The coal mining business generated a total revenue of ₹7,735.54 crore in FY 2024–25, which accounts for 4.05% of NTPC Limited’s consolidated revenue of ₹1,90,862.45 crore for the same period.
As of March 31, 2025, the net worth of the coal mining business stands at ₹3,150.98 crore, representing 1.72% of NTPC’s consolidated net worth of ₹1,82,881.09 crore.
Purchase Consideration Structure
The initial purchase consideration for the transfer is valued at ₹10,503.27 crore as of March 31, 2025, subject to completion adjustments under the amended Business Transfer Agreement (BTA). NTPC Mining Limited will remit this consideration to NTPC in a phased manner, aligned with the progressive transfer of each coal mine or block.
Transfer of Mines and Assets
The coal mining business, comprising six coal blocks along with related assets and liabilities, will be transferred in a phased manner. The transfer will proceed as a going concern on a slump sale basis, in compliance with the conditions specified in the amended BTA. This step marks a strategic move to streamline NTPC’s operations while strengthening its mining subsidiary.
About NTPC Limited
NTPC Limited, a Maharatna PSU under the Ministry of Power, is India’s largest integrated power utility. Established in 1975, NTPC has diversified into power generation, renewable energy, coal mining, and power trading. With a focus on sustainability and efficiency, NTPC continues to play a pivotal role in India’s energy security while supporting the nation’s clean energy transition.
Also Read: NTPC CMD Gurdeep Singh Honoured with Leadership Excellence Award at SCOPE Eminence Awards 2025