NTPC may set up cement plant with NALCO

State-run power utility NTPC may set up a cement plant in a joint venture with National Aluminium Co , NTPC chairman Arup Roy Choudhury said on Tuesday. 

"In a month to a month-and-a-half, we will firm up the plan," Choudhury told reporters.

NTPC board OKs investing Rs 31.9 billion in coal project

India's top power producer NTPC Ltd said on Friday its board had approved investing Rs 31.94 billion for a coal mining project in Jharkhand . 

The coal block, which was allotted to NTPC in October 2004, will start production in 2012, the firm added in a statement to the Bombay Stock Exchange.