NLC India authorizes investment requests totaling Rs14,945 crore

22 Jul 2022 , 09:44 AM

On Thursday, NLC India Ltd said that its board has accepted investment requests totaling Rs14,944.91 crore for the construction of mining and power projects in Tamil Nadu. The organization, which reports to the coal ministry, intends to invest more than Rs 43,000 crore in a number of mining and power projects.

The board of directors of the firm accepted the investment proposal for the construction of Mine III, which is expected to cost Rs3,755.71 crore and have a peak capacity of 11.50 MTPA and a normal capacity of 8.71 MTPA in Neyveli, Tamil Nadu. Additionally, the board has approved the investment plan to build “TPS II 2nd Expansion Thermal Power Station (2 X 660 MW) in Neyveli, Tamil Nadu, at an estimated cost of Rs11,189.20 crore.”

Tamil Nadu, Rajasthan, Uttar Pradesh, Odisha, Jharkhand, and the Andaman and Nicobar Islands are all home to NLC India. The firm runs one open cast coal mine at Talabira in Odisha with an installed capacity of 20 MTPA, one open cast lignite mine at Barsingsar in Rajasthan with an installed capacity of 2.10 MTPA, and three opencast lignite mines at Neyveli with a combined installed capacity of 28.50 MTPA.

Additionally, it runs a 250 MW lignite-based thermal power station in Rajasthan’s Barsingsar as well as four lignite-based pit-head thermal power stations with a combined 3,390 MW capacity in Neyveli. Through its subsidiary, NLC Tamilnadu Power Ltd (NTPL), a partnership between NLCIL and TANGEDCO, a 1,000 MW coal-based thermal power station is also running at Thoothukudi, Tamil Nadu.