Shares of NTPC Ltd traded flat after hitting a day’s high of Rs 331.50 on 29th August. This occurred as the company announced that its board of directors had approved a partial modification to the transfer of its coal mining business to its wholly owned subsidiary, NTPC Mining Limited (NML).

NTPC’s coal mining business reported revenue of Rs 7,735.54 crore in FY 2024-25. This made up 4.05% of its total consolidated revenue of Rs 1,90,862.45 crore. The company had a net worth of Rs 3,150.98 crore as of 31st March, 2025. This figure accounts for 1.72% of NTPC’s overall net worth of Rs 1,82,881.09 crore.

The transfer will be carried out through an Amended Business Transfer Agreement (BTA), to be signed on or before 30th September, 2025. Completion is expected within 365 days, subject to approval. NML will pay Rs 10,503.27 crore to NTPC in phases. This will align with the progressive transfer of coal mines and blocks.

The deal, treated as a related-party transaction, will be completed at book value based on audited financial statements. It has been cleared by both the Audit Committee and the board. The transfer encompasses six coal blocks, along with their assets and liabilities. These will be transferred to NML on a slump sale basis as a going concern.

At 11:44 AM, the shares of NTPC Ltd were trading 0.54% lower at Rs 329 on NSE.

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