NTPC Updates on MOU with Coal India Ltd

National Thermal Power Corporation Ltd (NTPC) has announced that the Company has signed a Memorandum of Understanding with Coal India Ltd on March 15, 2007 for undertaking development, operation & maintenance of coal blocks and integrated coal based power plants. The MOU will leverage both the Companies to pool in their experiences and expertise in the areas of coal mining and operation & maintenance of captive power plants using middlings of coal washeries and coal washeries rejects. The areas of immediate co-operation are development of two coal blocks Brahmini (1900 MT) and Chichro Patsimal (356 MT) in Jharkhand to be developed and operated as 50:50 joint venture between CIL and the Company.

Source : Equity Bulls

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