NTPC TO SET UP COAL-TO-SNG PROJECT IN CHHATTISGARH

will set up its coal-to-synthetic natural gas (SNG) facility in Chhattisgarh at an investment of around Rs 10,000 crore. It is expected that this facility would utilise high-ash Indian coal from the company's captive mines. The 5 lakh tonnes per annum SNG project would be spread over an area of 150 acres and consume 25 lakh tonnes of coal sourced from NTPC's own mines. The company's share price has seen multiple resistance at Rs 360 levels, and any breakout above this level could indicate a bullish momentum in the stock price.