The company is looking to reduce the share of coal imports in its overall consumption from 21% to 10% over the period of three years, reported The Economic Times.

NTPC’s own mines will address nearly 17% of its overall coal requirement by 2017, while the imports will drop from 24 million tons in 2013 to 13 million tons by 2017.

The latest plan will also help the company decrease its dependence on state-run Coal India.

NTPC chairman Arup Roy Choudhury told the publication that the company has already invested about INR14bn ($234.6m) in its six mines, with another INR75bn ($1.25bn) to be spent over the coming four years.

The government allocated six coal blocks to NTPC – Pakri-Barwadih, Chatti-Bariatu, Kerandari, Dulanga, Talaipalli and Chatti-Bariatu(South) – which have an estimated geological reserve of more than three billion tons.

The company expects to produce nearly 3 million tons in 2013-14, and plans to reach 37 million tons by 2016-17.