(PTI)
Infra major NCC Ltd expects to start development and operation of Talaipalli coal block from 2019-20 onwards and contribute about Rs 190 crore to topline during the first year of its commercial operation. The company is also betting big on infrastructure and housing projects from Amaravati, the new capital of Andhra Pradesh which is under development stage. The Talaipalli coal block is located in Chhattisgarh. “The work (on the project) will start in FY18. Commercial production may start from 2019-20. In the first year of commercial operations, we are aiming at 4 million tonnes of coal extraction and supply,” Y D Murthy, Executive President (Finance), NCC Ltd, told PTI. “We are looking at a topline of Rs 380 crore (from the block), in which our share will be Rs 190 crore,” he said. A consortium of NCC-BGR has been awarded the project relating to mine development and operation (MDO) of the block allotted to NTPC Ltd. The project will be executed by a special purpose vehicle, to be formed between NCC Ltd and BGR Mining and Infra Ltd, with a sharing ratio of 51:49, Murthy said. “The peak rated capacity of the mine is 18 million tonnes per annum to be achieved by the 5th year of commencement of operation. “The value of the project is in the order of Rs 25,071 crores and the annual revenue at rated capacity is about Rs 1,000 crore at current prices,” a statement from the company had earlier said, adding the contract provides for escalation of mining fees.
