NTPC Limited , India's largest power generation company, has completed the transfer of two coal blocks to its wholly owned subsidiary, NTPC Mining Limited, as part of its strategy to separate its coal mining business.

Transfer Details

The transfer, which became effective on October 1, 2025, includes the following coal blocks:

1. Chatti Bariatu Coal Mine, located in Hazaribag district, Jharkhand
2. Badam Coal Mine, also situated in Hazaribag district, Jharkhand

This move is in line with NTPC's plan to hive off its coal mining operations, as initially disclosed on August 28, 2025. The transfer was executed under an amended Business Transfer Agreement dated September 17, 2025.

Corporate Disclosure

In a filing to the stock exchanges on October 1, 2025, NTPC's Company Secretary and Compliance Officer, Ritu Arora, confirmed the transfer of these coal blocks to NTPC Mining Limited. The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Implications

The transfer of these coal blocks to NTPC Mining Limited is a significant step in NTPC's strategy to streamline its operations. By separating its coal mining business, NTPC aims to:

• Enhance operational efficiency
• Improve focus on core power generation activities
• Potentially unlock value for shareholders

About NTPC Limited

NTPC Limited, formerly known as National Thermal Power Corporation Limited, is India's largest power generation company. With a diverse portfolio of thermal, hydro, and renewable energy projects, NTPC plays a crucial role in meeting the country's growing energy demands.

This strategic move to transfer coal mining operations to a separate entity reflects NTPC's adaptability to changing market dynamics and regulatory environments in the Indian power sector.

NTPC Limited , India's largest power generation company, continues to make significant strides in expanding its renewable energy portfolio while also updating cost estimates for its thermal power projects.

Gujarat Solar Project Partially Commissioned

NTPC Green Energy Limited has successfully brought a portion of its solar project in Gujarat online. The company announced that 25 MW of solar capacity from a 37.5 MW solar project in Bhuj, Gujarat has commenced commercial operations. This project is owned by Ayana Renewable Power Four Private Limited, a subsidiary of Ayana Renewable Power Pvt. Ltd., which is a wholly owned subsidiary of joint venture ONGC NTPC Green Private.

With this addition, NTPC Green Energy Limited Group's total installed capacity has increased from 7,382.48 MW to 7,407.48 MW. The commercial operation date for this portion of the project is September 27.

Rajasthan Solar Project Achieves Commercial Operation

In a separate development, NTPC has declared commercial operation for a substantial portion of its Nokh Solar PV Project in Rajasthan. According to the company's latest disclosure:

• 167 MW out of 245 MW capacity at Plot-1 of the Nokh Solar PV Project has been declared commercially operational.
• The commercial operation commenced from 00:00 Hrs of September 26.
• The Nokh Solar PV Project has a total planned capacity of 3x245 MW under the CPSU Scheme Phase-II, Tranche-III.

Boost to NTPC's Installed Capacity

With the commissioning of the Rajasthan project, NTPC's power generation capabilities have seen a significant boost:

North Karanpura Super Thermal Power Project Cost Revision

In addition to its renewable energy developments, NTPC has revised the cost estimate for its North Karanpura Super Thermal Power Project (3x660 MW) to Rs.21,495.25 crore. This update follows a previous disclosure made in March 2014 regarding investment approval for the project. The company communicated this revision to stock exchanges through a regulatory disclosure.

These developments underscore NTPC's commitment to diversifying its energy mix, increasing its renewable energy footprint, and updating its thermal power projects. The company continues to play a crucial role in India's energy sector, balancing its portfolio between conventional and renewable sources while aligning with the nation's sustainability goals and global climate commitments.