NLC eyes Navratna status with power foray
Public sector mini ratna company Neyveli Lignite Corporation (NLC) has firmed up plans to make a foray into power projects using feedstock other than lignite. This is expected to elevate the company to Navratna status in the near future based on its current growth as well as future growth prospects.
On completion of the ongoing projects, which have been already approved, along with new projects, the mining capacity of the corporation (both lignite and coal) will be more than doubled and the power generation will be at least three times higher than its present generating capacity, said company sources. NLC, which operates three opencast lignite mines at Neyveli in Tamil Nadu and one in Barsingsar of Rajasthan, has a total capacity of 30.60 million tonne. With three thermal power plants at Neyveli and one in Barsingsar, the total installed power capacity is estimated to be around 2,615 mw. For the nine months of the current financial year, the company has achieved the overburden removal of 1,095.11 lakh cubic metres against 1042.67 lakh cubic metres achieved during the corresponding period of last financial year, a growth of 5.03%.
Source – The Financial Express