In a bid to fuel its power sector expansion plans in the country, Navratna public sector enterprise Neyveli Lignite Corporation (NLC) is planning to acquire coal mines abroad. In this regard, the company has got request for partnership from miners in Asia and Africa. Moreover, miners in Australia, Indonesia and Mozambique have shown interest to work with the company.
Further, the company wants to work in a Joint Venture (JV) with the overseas partners to source coal to India. However, the amount of funds earmarked and the preferred deal size remain undisclosed.
NLC 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.
