Get ready for some sizzling corporate action! NTPC's board recently gave a thumbs-up to an important reshuffle involving its coal mining business. The company decided to partially change its original plan by transferring its coal mining assets to NTPC Mining Limited (NML), a wholly owned subsidiary. These assets include six coal blocks plus related assets and liabilities, moved under a slump sale deal. Coal mining brought in Rs 7,735.54 crore in FY25, which is about 4.05% of NTPC’s Rs 1,90,862.45 crore consolidated revenue for the year. The net worth of these transferred mining assets stood at Rs 3,150.98 crore, roughly 1.72% of NTPC’s consolidated net worth as of March 31, 2025. The sales agreement should be signed by September 30, with the entire transaction wrapped up within a year, pending governmental approvals. The initial payment price stands at Rs 10,503.27 crore (as of March 31, 2025), paid to NTPC in parts by NML. Since NML is NTPC’s own subsidiary, this deal is a related-party transaction. But no worries — the company made it clear this will be done at book value, based on audited numbers, and it received full nod from the Audit Committee and the board. The transfer will happen step-by-step, according to the updated Business Transfer Agreement. And here’s a spicy twist: NTPC confirmed no merger or amalgamation is planned in this transfer. But wait, there’s more! The board also greenlighted the Revised Cost Estimate-I (RCE-I) for the exciting Rammam-III Hydroelectric Power Project. This project aims to produce 120 MW (3 units of 40 MW each) and now has an updated cost tag of Rs 2,865.56 crore. Energy buffs and investors alike are watching closely. On a different yet connected note, top-performing asset management companies (AMCs) are staring at a valuation test. Though they’ve grown strongly and beaten market benchmarks, analysts warn their premiums leave very little wiggle room. Any slowdown in fresh investments or pressure on profit margins could create a shake-up in their high stock prices. So, NTPC is tuning its business gears, balancing coal mining moves and hydroelectric investment, while AMCs might feel the heat of investor caution. Stay tuned as these stories unfold, bringing action-packed drama to India’s business arena!