NTPC appoints Macquarie as consultant to acquire coal mines

State-run power producer NTPC today said it has appointed Macquarie as consultant for acquiring coal mines in Indonesia.

"The consultants to do the due diligence for acquiring coal mines in Indonesia will be Australian firm Macquarie," NTPC Chairman and Managing Director R S Sharma told reporters here.

The thermal power producer plans to buy a majority stake in the Kalimantau coal mines in Indonesia to achieve fuel security.