Neyveli Lignite Corporation (NLC) will be investing around Rs 29,239 crore in coal and power sectors during 12th plan. Out of this it will invest Rs 26,728.40 crore for development of power projects and Rs 2,510.70 crore for coal projects.
During the period NLC has planned expansion of a number of its ongoing projects which also includes mines at Neyveli and Barsingsar in state of Rajasthan and power plant at Tuticorin in Tamil Nadu state. The company has also planned to setup wind farm with the investment of Rs 364.75 crore and Solar Power Project with the cost of Rs 13,319 crore.
Besides, NLC is already working of the development of Underground Coal Gasification (UCG) Projects. UCG project in Raneri, Rajasthan will be taken up through a suitable developer through competitive bidding. UCG projects in Rajasthan and Gujarat will be implemented in joint venture with ONGC.
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.
| Company Name | CMP |
|---|---|
| NTPC | 341.80 |
| Tata Power | 377.10 |
| Power Grid Corpn. | 283.65 |
| Adani Power | 214.45 |
| Torrent Power | 1389.65 |
| View more.. | |
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