NTPC has officially completed the transfer of its coal mining business to subsidiary NTPC Mining Ltd, with the final tranche including Pakri Barwadih Coal Mine achieving Commercial Operation Date (COD) effective April 1, 2026.

Official Regulatory Disclosure and Transfer Completion

In a revised disclosure under Regulation 30 of SEBI Listing Regulations dated April 1, 2026, NTPC announced the completion of its coal mining business hiving-off process. The company disclosed that Pakri Barwadih Coal Mine business located in Hazaribagh District, Jharkhand, along with Coal Mining Head Quarter (CMHQ) at Ranchi, has been successfully transferred to NTPC Mining Limited.

Business Transfer Agreement Implementation

The transfer was executed in accordance with the amended Business Transfer Agreement (BTA) dated September 17, 2025. This final tranche represents the culmination of a phased transfer process that began with earlier disclosures in August 2025, continuing through October and December 2025, and February 2026.

The regulatory filing confirms that Commercial Operation (COD) of Pakri Barwadih North West Coal Mining Project has been declared effective April 1, 2026, marking the operational commencement of the transferred asset.

Strategic Completion of Coal Mining Restructuring

With this final transfer, NTPC has completed the hiving-off of its entire coal mining business. All coal mining units now stand transferred to NTPC Mining Limited, marking a significant milestone in the company's operational restructuring strategy.

The completion of this comprehensive restructuring demonstrates NTPC's commitment to optimizing its asset portfolio through specialized subsidiary management, enhancing operational efficiency across its diverse business segments. The disclosure was signed by Company Secretary & Compliance Officer Ritu Arora, confirming the official completion of the entire coal mining business transfer process.

NTPC Limited's subsidiary NTPC Green Energy Limited (NGEL) has successfully commissioned 168.02 MW of additional solar capacity through two renewable energy projects in Gujarat, marking continued progress in the company's green energy expansion. The commercial operation declarations were made on March 31, under SEBI Regulation 30 disclosure requirements.

Project Details and Latest Commissioning

The latest capacity additions comprise two distinct phases of solar photovoltaic projects operated by NTPC Renewable Energy Limited, a wholly owned subsidiary of NGEL:

The Khavda-I project represents the completion of the twelfth and final phase of the 1,255 MW solar installation, while the Khavda-II project marks the sixth phase of capacity addition from the larger 1,200 MW solar development, both located in Gujarat.

Enhanced Capacity Metrics

The commissioning of these projects has resulted in substantial capacity increases across the NTPC group structure:

Previous Capacity Additions

Earlier in March, NGEL had commissioned 180 MW of solar capacity through the Bhadla Solar PV Project in Rajasthan (75 MW) and an earlier phase of the Khavda-II project in Gujarat (105 MW), demonstrating consistent execution of renewable energy projects across multiple states.

Regulatory Compliance and Documentation

The commercial operation declarations were made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Regulation 30. The disclosures were signed by Company Secretary and Compliance Officer Ritu Arora for NTPC Limited and Deepak C S for NTPC Green Energy Limited.

Both projects achieved commercial operation status with proper certification from relevant authorities, ensuring full regulatory compliance for the capacity additions. The phased approach to project commissioning demonstrates systematic execution of large-scale renewable energy developments.

Corporate Structure and Strategic Progress

NTPC Green Energy Limited operates as a subsidiary of NTPC Limited, with NTPC Renewable Energy Limited functioning as a step-down subsidiary through NGEL. This corporate structure enables focused development and operation of renewable energy projects while maintaining integration with the broader NTPC group operations.

The successful commissioning of these solar projects reinforces the group's commitment to expanding renewable energy capacity and contributes to India's clean energy objectives through utility-scale solar installations across Gujarat and Rajasthan.