Neyveli Lignite Corporation (NLC) is planning to set up power projects with a combined capacity of 8,450 Mega Watt. In this regard, the company will invest about Rs 29,000 crore and the investments will be funded through internal accruals and borrowings. Post setting up of these power projects the total power generation capacity of the company will be increased to 11,195 MW from 2,740 MW. These projects are expected to come by end of 13th Five Year Plan
Further, the company is planning to set a 4000 MW plant in Sirkazhi, Tamil Nadu.
Neyveli Lignite Corporation 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. It is one of the best public sector units in the country and a best profit making company in the past 16 years.
