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NTPC to pick up stake in two Indonesian coal mines

State-owned NTPC is likely to pick up stake in two coal mines in Indonesia, a move that would help the company secure its raw material requirement.

twitter-logo PTI   New Delhi     Last Updated: August 30, 2010  | 15:34 IST

State-owned NTPC is likely to pick up stake in two coal mines in Indonesia, a move that would help the company secure its raw material requirement.

"We are looking at picking up stake in two coal mines in Indonesia -- East Kalimanthan and Sumatra--NTPC CMD R S Sharma said.

The company's coal requirement is likely touch 165 million tonnes (MT) in the next financial year (2011-12), of which it may import 12-15 MT.

"Currently, we are using 155 MT of coal, our requirement is likely to go up 165 MT," Sharma said adding that NTPC would import 12-15 million tonnes in the next fiscal.

NTPC, is also looking at directly importing about 60 per cent of its coal requirement of about 15 million tonnes during the next fiscal, instead of sourcing it from State Trade Corporation and MMTC.


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