NTPC signs joint venture agreement with Coal India

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Updated: 14/10/2009 | 12:00 AM IST

Power

Capital Market

Wednesday, October 14, 2009 (New Delhi)

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On 12 October 2009

National Thermal Power Corporation(NTPC) has announced that a Joint Venture Agreement has been signed on 12 October 2009 at New Delhi amongst NTPC and Coal India for incorporation of Joint Venture Company with equal equity participation for development of Brahmini & Chichro Patsimal coal mine blocks. The coal from these mines would be supplied to Farakka and Kahalgaon expansion projects of NTPC. After meeting the coal requirements of Farakka and Kahalgaon expansion projects of NTPC, the proposed JV Company will also consider implementation of integrated thermal power plant, if found feasible.

The company made this announcement during the trading hours today, 14 October 2009.