You are here: Home » News-CM » Companies » News
Business Standard

NLC India signs MoU with Govt. of Tamil Nadu for setting up mines and power projects

Topics
Environment

Capital Market 

NLC India signed a Memorandum of Understanding with the Government of Tamil Nadu during the Global Investors Meet held at Chennai on 23 and 24 of January 2019 for setting up of Mines & Power Projects in Tamil Nadu.

The company already operates 4 Lignite Mines of Capacity 30.6 Million Tonnes Per Annum (MTPA) (in the States of Tamil Nadu and Rajasthan) and 5 Thermal Power Stations of capacity 3140 MW (in the States of Tamil Nadu and Rajasthan), out of which 28.6 MTPA Lignite Mines & 2890 MW Thermal Power Stations are located in Tamil Nadu.

Besides that NLCIL has 492 MW Renewable Energy Projects in Tamil Nadu and another 909 MW Solar Projects are under implementation.

Already NLCIL has a joint Venture Project of 1000 MW Coal based Thermal Power Station with TANGEDCO, operating at Tuticorin, Tamil Nadu.

In addition to the above on 24 January 2019, NLC India signed an MoU with Government of Tamil Nadu to set up a 15.5 Million Tonnes Per Annum (MTPA) capacity Lignite Mines, 2640 MW Lignite based Thermal Power Project and 1000 MW Renewable (Solar) Project in Tamil Nadu at an estimated cost of Rs.23,800 crore.

The envisaged investment in the Projects would approximately generate direct employment for 1250 persons and indirect employment for 7500 persons.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, January 29 2019. 09:11 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU