Mining - Industry – Focus

 

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NTPC plans to acquire coal assets abroad on its own

NTPC has identified some 2-3 properties, one or two in Mozambique and one in Indonesia, all of which are in the due diligence stage. With requirements of 145-150 million tonnes of coal this year, it gets coal from Coal India and Singareni Colleries and yet it has to import around 20 million tonnes of coal. So securing coal will help the company to bolster its expansion plans. It has also recently, signed a 20 year long FSA with an option to review the terms every five years.

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