New Delhi: NTPC Limited on Monday announced the transfer of its Kerandari Coal Mine to its wholly-owned subsidiary, NTPC Mining Ltd (NML), as part of a structured agreement to consolidate its coal mining operations.
Phased Transfer of Coal Mines to NML
This transfer follows the earlier handover of Chatti Bariatu Coal Mine and Badam Coal Mine, located in Jharkhand, to NML on October 1, in accordance with the amended Business Transfer Agreement (BTA) dated September 17, 2025. With effect from December 1, Kerandari Coal Mine, situated in the North Karanpura Coalfields in Hazaribagh, Jharkhand, has now been formally transferred to NML.
NTPC had announced in August that its coal mining business—including six coal blocks or mines, along with all associated assets and liabilities—would be progressively transferred to NML on a slump sale basis, subject to the satisfaction of conditions precedent outlined in the amended BTA.
Regulatory Approvals and Timelines
The phased transfer of assets is required to be completed within 365 days from the signing of the BTA, contingent upon obtaining necessary regulatory approvals and clearances. NTPC emphasized that the coal mining business is being transferred as a going concern, ensuring operational continuity throughout the process.
As of March 2025, the net worth of NTPC’s coal mining business stood at Rs 3,150.98 crore, reflecting the significant scale and value of the operations being integrated into NML.
About NTPC
NTPC Limited, a Government of India public sector undertaking, is India’s largest energy conglomerate engaged in power generation and allied activities. Through strategic initiatives such as the consolidation of its coal mining operations under NTPC Mining Ltd, the company aims to strengthen its operational efficiency, enhance resource management, and support long-term energy security for the nation.
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