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

NTPC recently 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.

The Cabinet Committee on Investment 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 Ministry of Coal 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 of the company closed at Rs. 117, up 0.73 per cent on the BSE.

BS