State-owned power producer, NTPC has said that it is targeting to begin production from Pakri-Barwadih coal block in Jharkhand this year and three more blocks in next two years, media reported.
Commenting on the issue, NTPC Chairman & Managing Director A K Jha told the media, "Of the nine mines, Pakri-Barwadih is in advance (stage) and we have a target to begin production from the mine this year."
"We are hopeful that in next two years we will start production in another three mines," he added.
The NTPC Chairman further said that the production in some of these mines will begin after three years as some studies have to be done in these blocks and mining plan has to be prepared.
As per reports, in March, NTPC was reallotted five coal blocks that were cancelled last year by the Supreme Court. The five blocks include - Chatti-Bariatu, Chatti-Bariatu (South) and Kerandari in Jharkhand, Dulanga in Odisha and Talaipalli in Chhattisgarh.
Meanwhile, shares of the company were trading at Rs 124.70 a piece, down 1.50 per cent from the previous close at 12:19 hours on BSE.