Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
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State-run power giant NTPC will soon set up a subsidiary to handle its coal mining operations and also plans to enter commercial coal mining after meeting its requirement, an official said. The power sector behemoth also has a plan to list the coal subsidiary subsequently on stock exchanges. “The NTPC will set up a coal subsidiary. It would cover operations of its all coal mines and will be run like a coal company. It will have a culture of coal mining. This will help in recruiting professional and have a different cadre which would eventually help in their career progression,” the official said on the condition of anonymity.
