NTPC to be reallocated 3 coal blocks

Jan 22 2013, 02:12 IST
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SummaryIn a breather to NTPC, government on Monday said it will reallocate its three forfeited coal blocks by Tuesday after law ministry’s approval, a step that will bolster the firm’s valuation prior to its share sale.

In a breather to NTPC, government on Monday said it will reallocate its three forfeited coal blocks by Tuesday after law ministry’s approval, a step that will bolster the firm’s valuation prior to its share sale. The three coal blocks — Chatti-Bariatu, Kerandari and Chatti-Bariatu (South) — would be re-allocated to NTPC by Tuesday after getting the law ministry’s approval. “The whole issue of coal blocks that have to be reallocated to NTPC will be done by tomorrow (Tuesday) ... blocks will be re-allocated to NTPC post ministry of law’s opinion on that matter,” power minister Jyotiraditya Scindia said.

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