NTPC, India’s largest power producer, has set an ambitious target of producing 40 million metric tonnes (MMT) of coal in the financial year 2024-25. This goal was announced by the company’s chairman and managing director, Gurdeep Singh, during the company’s 44th Annual General Meeting.
Singh stated that NTPC is continuously working towards increasing its coal production and reducing its dependence on imported coal. The company has already achieved a coal production of 31.5 MMT in the financial year 2020-21, which is a significant increase from the previous year’s production of 27.4 MMT.
NTPC has been actively investing in coal mining projects to achieve its target of 40 MMT production by FY25. The company has also been exploring new opportunities for coal mining in India and abroad. In addition, NTPC has been implementing various measures to improve the efficiency and productivity of its coal mines.
The company’s efforts towards increasing coal production are in line with the government’s vision of reducing coal imports and promoting domestic production. NTPC’s coal production not only helps in meeting the country’s energy demands but also contributes to the nation’s self-reliance in the energy sector.
NTPC has also been focusing on sustainable coal mining practices, with a strong emphasis on environmental conservation. The company has implemented various measures to reduce the impact of its coal mining operations on the environment, such as using advanced technologies for coal extraction and reclamation of mined areas.
In conclusion, NTPC’s target of 40 MMT coal production in FY25 is a significant step towards achieving self-sufficiency in the energy sector and reducing the country’s dependence on imported coal. The company’s efforts towards sustainable coal mining practices also showcase its commitment towards environmental conservation. With its continuous efforts and investments, NTPC is well on its way to achieving its goal and contributing to the growth of the nation’s economy.