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NLC eyes acquisition of multiple power projects

29 Sep 2014 Evaluate

Neyveli Lignite Corporation (NLC) is examining a number of power projects on offer to scale up its generating capacity rapidly. The company is examining nine projects, where the promoters have showed interest in letting NLC acquire the projects. These proposals have been received in response to call for expressions of interest by the company.

The Central public sector enterprise in lignite mining and power generation mines about 30 million tonnes of lignite annually and has association power generation of about 2,740 MW.

NLC is engaged in the business of lignite mining and power generation. At present, the company has four opencast lignite mines with a capacity of about 30.60 million tonnes per annum, while it can produce about 2,740 MW of power from four power plants.

 

Peers
Company Name CMP
NTPC 324.00
Tata Power 374.80
Adani Power 209.00
Power Grid Corpn. 270.00
Adani Energy Solut. 1415.00
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