NLC India has received an approval to raise funds through issuance of Commercial Paper (CP) upto Rs 6,000 crore in tranches inclusive of already a proved issuance of commercial paper limit of Rs 2000 crore. The company has also received an approval for issuance of Bonds in the nature of Debentures upto Rs 5,000 crore in tranches.
The Board of Directors of the company at its meeting held on March 18, 2020 has approved the same.
NLC India is engaged in the business of lignite mining and power generation.
