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NLC India planning to set up project for production of methanol using lignite: Report

09 Jun 2022 Evaluate

NLC India is reportedly planning for a pilot project for production of 1,200 tonnes a day (400,000 lakh tonnes a year) of methanol using 2.5 million tonnes of lignite. The feasibility report is ready and has been approved by the board.

The project is likely to be implemented by an overseas technology supplier, yet to be selected, on a lumpsum turnkey basis.

NLC India is engaged in the business of lignite mining and power generation.

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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