Business Standard

NTPC slips 6% after it incorporates subsidiary to take up coal mining

If NTPC develops its own coal mining capability in the next 5-7 years, Coal India risks losing 100-120 million tonne (mt) of coal supply to NTPC, according to a Coal India official

NTPC slips 6% on venturing into coal mining business

SI Reporter New Delhi
Shares of NTPC (National Thermal Power Corporation) slumped 6 per cent to Rs 116 on the BSE, in the intra-day trade on Friday, after the company announced incorporation of NTPC Mining, a wholly-owned subsidiary to take up coal mining business. 

"We wish to inform that NTPC Limited has incorporated a wholly owned subsidiary in the name of 'NTPC Mining Limited' with Registrar of Companies, NCT of Delhi on 29th August 2019 for taking up coal mining business," it said in a BSE filing.

At 12:04 pm, the stock pared its losses partially, and was ruling 4.5 per cent

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 30 2019 | 12:20 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to