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NTPC to invest over Rs 1,000 crore in Dulanga Coal mining Project in Odisha with estimated production capacity of 7 mn tonnes per annum

NTPC Board has consented to make an investment of over 1,053 crore for the Dulanga coal mining project in Odisha with an annual production of 7 million tons

New Delhi, Jan 12, 2017: 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).

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“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.

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

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