NTPC, the state-owned power company, announced a 55 per cent surge in coal dispatch and nearly 50 per cent growth in production from its mines during the fiscal year 2023-24 compared to the previous year.
National Thermal Power Corporation, on Monday, reported a 55 per cent surge in coal dispatch and nearly 50 per cent growth in mine production
NTPC, the state-owned power company, announced a 55 per cent surge in coal dispatch and nearly 50 per cent growth in production from its mines during the fiscal year 2023-24 compared to the previous year.
The company despatched 34.15 MMT of coal, while coal production stood at 34.38 MMT with a growth of nearly 50 per cent by the end of March 31, 2024, the company said in a statement.
At 10:20 am, the shares of the state-owned thermal power company were trading at Rs 338 price level, up by more than a per cent on NSE.
The NTPC Ltd has reported a substantial growth of 55 per cent in coal despatch from its captive mines during FY24, as compared to the previous year, it said.
This performance reflects NTPC's relentless commitment to enhancing coal production from its captive mines and ensuring efficient supply to meet the nation's energy needs, it also stated.
To achieve sustained growth in coal production, the NTPC has implemented a range of strategies and technologies, the statement said, adding that these include the adoption of rigorous safety measures, improved mine planning, equipment automation, workforce training, and the implementation of continuous monitoring, and analysis systems.
The company will continue to explore innovative technologies and sustainable practices to further enhance its performance and support the nation's energy goals, it stated.
On an annual basis, the shares of NTPC have given a return of more than 90 per cent on NSE.
(With Inputs From PTI)