Business
State-Run NLC India Board Clears Investment Proposals Worth Rs 14,945 Crore For Setting Up Mining, Power Projects In Tamil Nadu
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State-run NLC India Limited on Thursday (21 July) announced that its board has cleared investment proposals worth over Rs 14,000 crore in mining and power projects in Tamil Nadu.
NLC India Limited (formerly Neyveli Lignite Corporation Limited) is a government-owned fossil fuel miner and thermal power generator under the ownership of Central government's Ministry of Coal.
The company plans to invest over Rs 43,000 crore in various power and mining projects, reports Economic Times.
According to a stock exchange filing, the company's board of directors has approved the investment proposal for establishing Mine III (peak capacity-11.50 MTPA (Million Tonnes Per Annum) and normative capacity- 8.71 MTPA) at Neyveli, Tamil Nadu at an estimated cost of Rs 3,755.71 crore.
With presence in Tamil Nadu, Rajasthan, Uttar Pradesh, Odisha, Jharkhand and Andaman and Nicobar Islands, NLC India operates three opencast lignite mines of total installed capacity 28.50 MTPA at Neyveli, one opencast lignite mine at Barsingsar in Rajasthan with an installed capacity of 2.10 MTPA and an open cast coal mine at Talabira in Odisha with an installed capacity of 20 MTPA.
The company also operates four lignite based pit-head thermal power stations with an aggregate capacity of 3,390 MW at Neyveli and one 250 MW lignite based thermal power station at Barsingsar, Rajasthan.
(With inputs from PTI)
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