NLC India to Push its Expansion
NLC India is one of the largest coal mining companies in India. It has three lignite coal mines in Neyveli and one in the Barsingsar region of Rajasthan.
New Delhi: NLC India Ltd, a state-owned mining and public sector undertaking in India, plans to invest Rs 75,000 crore by 2030 to expand its mining and power capacity, the company's chairman and managing director, M Prasanna Kumar in his latest interview with Business Line said. He exuded confidence that the CPSU will be able to generate funding for these projects.
The possible investment would be used to develop new mines, increase power generation capacity, and improve the efficiency of its operations.
Join PSU Connect on WhatsApp now for quick updates! Click here
Read Also : Bank of Baroda Global Deposits surge by 9.13 pc as of 30th Jun
Currently, the company have four lignite mines and one coal block under operation, they are trying to push up the capacity in the Neyveli (Tamil Nadu) area.
NLC India is one of the largest coal mining companies in India. It has three lignite coal mines in Neyveli and one in the Barsingsar region of Rajasthan. The company also has a thermal power plant in Neyveli with a capacity of 1,900 megawatts.
Read Also : Dredging Corporation of India appoints two officials as Independent Directors on Board
The company's expansion plans are expected to create significant employment opportunities in the mining and power sectors.
Read Also : BEML Unveils Next-Gen Engine Vision at National Conference on Clean Non-Road Machinery