NTPC has cancelled a Rs 23,000-crore contract with Thiess Minecs India due to delays in development and operation of the Pakri-Barwadih coal block. "Thiess Minecs failed to make any headway despite the fact that development period of the contract was extended twice," NTPC said. Thiess Minecs was mine developer and operator for NTPC's Pakri-Barwadih captive coal block in Jharkhand.
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