NTPC shuts three units in Orissa

Due to coal crunch, NTPC has shut down three of its units at its plant located in Kaniha in the state of Orissa.

In a clarification to the exchanges, the company stated that its plant at Kaniha near Talcher has not received coal supplies from Mahanadi Coalfields Limited since July 25, 2019. The supply was cut short due to the workers' strike at Mahanadi Coalfields Limited (MCL). This has resulted in shutting down one unit of 500 MW and two units of 500 MW. The production at these plants reduced from its capacity of 3000 MW to 1000 MW.

The workers at MCL’s Talcher coalfields have been protesting for the incident at Bharatpur open pit coal mining project. The incident involved a landslide due to strata failure at mines because of the negligence by concerned manager, leading to deaths of three workers and injury to 10 other workers.

The company has stated that it is in the process of resolving the coal crisis and resuming operations at the earliest so that coal availability can bring back the production capacity of the Kaniha plant to its fullest. NTPC Limited, formerly known as National Thermal Power Corporation, is a Central government owned company engaged in the business of electricity generation and related activities.

On Wednesday, the stock closed at Rs. 126.50, a decrease by 0.67 per cent. The stock had hit 52-week high of Rs. 146.19 and 52-week low of Rs. 106.71 on the BSE.