CORPORATE
NTPC eyes 40-mt coal output target from its owned mines for FY25
- IBJ Bureau
- Apr 08, 2024
National Thermal Power Corporation (NTPC) on Sunday announced that it had set a 40-million tonne (mt) target for coal production from its owned mines by 2024–25. According to an NTPC statement, the ambitious goal will assist NTPC in achieving a notable 17 per cent annual growth in captive coal output.
The announcement states that NTPC’s goal for FY25 is to produce 40 mt of coal from its owned mines. Through captive mines, this will meet more than 15 per cent of the coal requirement for FY25.
As of March 31, 2024, the company had produced 34.38 mt of coal, with a coal despatch of 34.15 mt. In order to attain consistent expansion in the output of coal, NTPC has employed several tactics and innovations. Stricter safety regulations, better mine planning, automated machinery, employees’ education and deployment of ongoing monitoring and analysis systems are a few of these strategies to expand coal output. According to the statement, these efforts have been crucial in streamlining processes, increasing output and guaranteeing workers’ safety.
The corporation will keep looking into cutting-edge technologies and environmentally-friendly methods to improve operations and help the country achieve its energy targets, the statement has added.
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