NTPC, CIL TO FORM 50:50 JOINT VENTURE

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NTPC would form a 50:50 joint venture with CIL to develop coal mines for its Farakka and Kahalgaon thermal power projects. “A JV agreement has been signed between NTPC and Coal India for incorporation of the company with equal equity participation for development of Brahmini and Chichro Patsimal coal blocks,” the company said. The coal from these mines would be supplied to Farakka (West Bengal) and Kahalgaon (Bihar) expansion projects.

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