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NTPC enters into Rs 10,000 crore contract with Indian Railways: Report

NTPC has reportedly entered into a contract with the Indian Railways for transportation of coal from mines to all its plants through fiscal 2020. The contract is for Rs 10,000 crore inclusive of GST. The company will pay the Indian Railways a freight advance towards payment of transport of coal for FY18-19 and FY19-20. First instalment of Rs 2,000 crore has already paid and the balance amount would be paid in the current fiscal.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.

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