NTPC approves Rs 14,366-crore investment for Jharkhand plant

NTPC has approved an investment of Rs 14,366.58 crore for its Karanpura thermal power project in Jharkhand, for which coal blocks were reallocated to the company last year.

The board of directors accorded investment approval for the North Karanpura thermal power project to be implemented in Jharkhand at an appraised current estimated cost of Rs 14,366.58 crore, NTPC said in a stock exchange filing on Friday.

The Cabinet Committee on Investment (CCI) last year cleared the proposal to allow NTPC to set up the 1,980-MW power plant with three units of 660 MW each. The project had been stuck after the Coal Ministry withdrew the coal linkages in 2008.

Meanwhile, NTPC's consultancy wing won a contract to provide services to Trincomalee Power Company Ltd for setting up 500-MW coal-based power project at Trincomalee in Sri Lanka, according to a statement.

NTPC, India's largest power generation firm, has an installed capacity of 42,964 MW.

Shares in NTPC, on Friday, ended at Rs 117 apiece on the BSE, up 0.73 per cent from the previous close.