Neyveli Lignite Corporation (NLC) has inked a Memorandum of Understanding (MoU) with Japan-based Kobe Steel (KSL) for setting up upgraded brown coal-based pilot power generation project. The signing of MoU between the two companies was against the backdrop of the satisfactory completion of pilot study taken last year.
The company had sent 80 tonnes of Lignite to Indonesia to test at the KSL pilot plant there for drying and making pellets for testing. The study was sanctioned by New Energy and Industrial Development Organisation, established under the Ministry of Economy, Japan and was satisfactory.
Further, the company has also signed a MoU with Tiruchirapalli-based National Institute of Technology, for Dynamic Loading of Conveyor Drive Heads in Mines for optimizing energy efficiency of conveyors. Since existing conveyor systems requires maximum drive power at the starting moment, with the Dynamic loading system, about 2.20 million units of power can be saved per year. This in turn would help the company to save Rs 31 crore per annum after the implementation of the new system.
| Company Name | CMP |
|---|---|
| NTPC | 396.10 |
| Tata Power | 435.70 |
| Adani Power | 203.05 |
| Power Grid Corp | 319.30 |
| Torrent Power | 1622.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: