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NTPC Mining has achieved coal output of 23.22 Million Metric Tonne (MMT) in FY24 so far, surpassing 23.20 MMT achieved in entire 2022-23 financial year. The milestone was achieved in record 257 days, taking 108 less days than in FY23, recording year-on-year growth of 77 per cent in coal production and 88 per cent in dispatch.
The consideration of this transaction is Rs 7,794.99 crore, based on book value as per the Audited Financials as of March 31, 2023, payable through a combination of cash/ equity shares/ debt liability. The consideration shall be adjusted based on the revised balance sheet of the coal mining business -- on the date of completion of the transfer of the business.