New Delhi: State-run NTPC Limited said on Wednesday it has transferred two of its captive coal mining projects — Chatti Bariatu and Badam in Jharkhand — to its wholly owned subsidiary NTPC Mining Limited (NML) with effect from October 1.
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In a regulatory filing to the stock exchanges, NTPC said the transfer has been executed through an amended Business Transfer Agreement signed on September 17, 2025. This follows its earlier announcement on August 28 about hiving off the coal mining business into NML.
The Chatti Bariatu coal mine, located in Hazaribagh district, has a production capacity of 7 million tonnes per annum (MTPA) and was declared commercially operational by NTPC from April 2024. Spread across 646 hectares, the project is a captive source of fuel for NTPC’s power stations.
The Badam coal block, also in Hazaribagh, has estimated reserves of over 90 million tonnes and a proposed capacity of 2.5–3 MTPA. However, the project has been repeatedly delayed due to land acquisition hurdles and local opposition.
In August this year, a public hearing on the project in Barkagaon turned violent, leaving at least 12 people injured, including NTPC officials. The Hazaribagh district administration later filed an FIR against 285 people in connection with the incident. Protests have continued over displacement and environmental concerns, raising uncertainty about the mine’s development timeline.
NTPC Mining Ltd, which now holds these mines, has been set up to consolidate the power major's coal mining business. The company is tasked with developing, operating, and managing all coal blocks allotted to NTPC.
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The creation of a separate mining entity is expected to provide sharper operational focus, improve governance, and allow NTPC to meet its fuel security goals. The company is targeting over 100 MTPA of captive coal production in the coming years to reduce dependence on external supplies.