NTPC uncertain on fate of 5 coal blocks.

The fate of NTPC's five coal blocks allocated between 1993 and 2010 hangs in the balance.

The Supreme Court on September 24 ordered de-allocation of blocks, except those given to ultra mega power projects and Central Government public sector units where there are no joint ventures. In question are 218 coal blocks, of which 12 were with ultra mega power projects and 10 belonged to NTPC.

Confusion arose with the Court specifically saving four blocks, including NTPC’s Pakri Barwadih. NTPC had 10 coal blocks, of which one that was not de-allocated is set to commence operations soon.

The company had got four blocks recently, while six were awarded earlier. Of the six, one was exempted from de-allocation by the apex court.

While NTPC has decided to wait for clarity from the Coal Ministry, the Ministry, in turn, plans to seek legal opinion on the matter.

HBL