NTPC, SCCL form JV for development of coal blocks
State-owned NTPC Ltd and Singareni Collieries Company Ltd (SCCL) on Friday entered into an equal joint venture for development, operation and maintenance of coal blocks.
By PTI |
NEW DELHI: State-owned NTPC Ltd and Singareni Collieries Company Ltd (SCCL) on Friday entered into an equal joint venture for development, operation and maintenance of coal blocks.
The JV company aims to undertake acquisition and development of mines, beneficiation, processing, operations, maintenance and mining blocks, besides selling coal and lignite, NTPC informed the Bombay Stock Exchange.
Both the companies would pool-in their expertise in coal mining and power generation for the joint venture.
The partnership would also provide consultancy services in areas of coal mining and power generations, the company said.
The agreement was signed by NTPC Ltd Chairman and Managing Director T Sankaralingam and his SCCL counterpart S Narsing Rao.
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