NCC in consortium with BGR Infra has bagged MDO Project from NTPC. The consortium formed between NCC & BGR Infra has been awarded the project relating to Mine Development and Operation of Talaipalli Coal Block (MDO Project) by NTPC. A Special Purpose Vehicle to be formed between NCC (formerly Nagarjuna Construction Co and BGR Mining & Infra with a sharing ratio of 51:49 will execute the project.

The coal production from this coal block as per the Coal Mines Development and Production Agreement being entered into in this regard is expected to commence in the financial year 2019-20. The coal from this block is to be put to captive use for the 4000 MW Lara Integrated Power Project being established by NTPC.

Shares of the company gained Rs 3.05, or 2.83%, to trade at Rs 110.80. The total volume of shares traded was 524,514 at the BSE (9.45 a.m., Wednesday).