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NLC signs MoU to set up power/mines projects in Tamil Nadu

28 Jan 2019 Evaluate

NLC India has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to set up a 15.5 Million Tonnes Per Annum (MTPA) capacity Lignite Mines, 2640 MW Lignite based Thermal Power Project and 1000 MW Renewable (Solar) Project in Tamil Nadu at an estimated cost of Rs 23,800 crore. As per MoU, Tamil Nadu Government will provide facilitation and support to the company in the form of necessary infrastructural support for setting up the projects. Already, the company has a joint Venture Project of 1000 MW Coal based Thermal Power Station with TANGEDCO, operating at Tuticorin, Tamil Nadu.

NLC India is engaged in the business of lignite mining and power generation. At present, the company has four opencast lignite mines.

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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