NTPC to invest over Rs 1,000 crore in Odisha coal mine project

New Delhi, Jan 12 (IANS) State-run power generator NTPC’s board has approved an investment of over Rs 1,053 crore for the Dulanga coal mining project in Odisha with an estimated production capacity of 7 million tonnes per annum (MTPA).

“The Board of Directors of the company has accorded investment approval for Dulanga Coal Mining Project having rated production capacity of 7 MTPA at an appraised estimated cost of Rs 1053.41 crore,” NTPC said in a stock exchange filing made after close of market hours on Wednesday.

NTPC stock gained in trading following the announcement and closed on Thursday at Rs 173.75 a share, 9.35 points or 5.69 per cent higher than its previous close, on the Bombay Stock Exchange.

–IANS

bc/vt

Top