NLC to pick up 51% in green JV with APDCL for ₹ 1k cr
2 years ago

NLC to pick up 51% in green JV with APDCL for ₹ 1k cr

Live Mint  

New Delhi: State-run NLC India Ltd plans to invest ₹1,000 crore for a 51% stake in a green energy joint venture it is setting up with Assam Power Development Co. Ltd, two people aware of the development said. NLC had inked an MoU with APDCL last year which included plans for green energy projects including hydropower projects," one of the two people cited above, requesting anonymity. Attracted by India’s green energy trajectory, conventional state-run miners are firming up clean energy plans, such as Coal India Ltd that plans to have an installed solar power generation capacity of 3 GW by investing around ₹15,000 crore by 2024. India has an installed renewable energy capacity of 167 GW, with the country’s electricity demand growing from the current levels of per capita electricity consumption of around 1255 kilowatt-hour.

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History of this topic

NLC India Ltd. secures 200 MW wind power project from SJVN Limited
3 weeks, 5 days ago

NLC India Ltd. secures 200 MW wind power project from SJVN Limited

The Hindu  

NLC India Ltd. has secured a project from SJVN Limited, a joint venture between the Government of India and Himachal Pradesh, to develop and operate a 200 MW wind power project. This project marks a significant expansion of NLCIL’s wind energy portfolio, increasing its total wind power capacity to more than 300 MW including projects. The newly secured project will …

NLC Secures 200 MW Wind Power Project from SJVN at Rs.3.74/kWh
3 weeks, 6 days ago

NLC Secures 200 MW Wind Power Project from SJVN at Rs.3.74/kWh

Deccan Chronicle  

Hyderabad: NLC India Limited, a Navratna company under the Ministry of Coal, has received a Letter of Award for 200 MW Wind Power Project from SJVN Limited at a tariff of Rs.3.74 per kWh. Speaking on this achievement, Prasanna Kumar Motupalli, Chairman and Managing Director, NLC India Limited, stated: “This is a proud moment for NLCIL as we continue to …

NLCIL posts 28% jump in profit in quarter ending December 31, 2024, compared to 2023
1 month, 3 weeks ago

NLCIL posts 28% jump in profit in quarter ending December 31, 2024, compared to 2023

The Hindu  

NLC India Limited has recorded a 28% increase in profit after tax for the quarter that ended December 31, 2024 with PAT increasing to ₹2,245 crore as against ₹1,754 crore in the corresponding period of the previous year. The public sector undertaking listed, as among its performance highlights, the all-time highest coal production of 115.16 lakh tonnes registering a growth …

NLC India to Issue ₹4,500 Crore IPO for Green Energy Arm
5 months ago

NLC India to Issue ₹4,500 Crore IPO for Green Energy Arm

Live Mint  

NLC India is planning an IPO for its renewable energy arm, NLC India Renewables Ltd (NLCIRL), with a proposed size of ₹4,500 crore. The company will offload 51% of its shares to NLCIRL, with the remaining shares being distributed to shareholders. NLCIRL currently operates 1,380MW of solar power plants in the southern districts of Tamil Nadu and the Andaman & …

In Frames | Staying power
10 months, 1 week ago

In Frames | Staying power

The Hindu  

Tamil Nadu is the largest producer of lignite in the country. NLC India Ltd., headquartered at Neyveli in Tamil Nadu, contributes a lion’s share of lignite production. The public sector undertaking lists, as among its performance highlights, the all-time high coal and lignite production of 36.32 tonnes in 2023-24 across the country. In Tamil Nadu, the NLCIL’s installed power generation …

NLCIL incorporates subsidiary to implement renewable energy projects
1 year, 5 months ago

NLCIL incorporates subsidiary to implement renewable energy projects

The Hindu  

NLC India Ltd, a Navaratna Central Public Sector Enterprise under the Ministry of Coal, has now incorporated a wholly-owned subsidiary, called NLC India Green Energy Limited. According to Prasanna Kumar Motupalli, chairman-cum-managing director of NLCIL, “The newly incorporated company will take care of planning, participating in upcoming renewable energy tenders, as well as tendering, execution and commission of renewable energy …

NLCIL signs power usage agreement with Rajasthan Urja Vikas Nigam for supply of 300 MW of solar power
1 year, 7 months ago

NLCIL signs power usage agreement with Rajasthan Urja Vikas Nigam for supply of 300 MW of solar power

The Hindu  

A Central Public Sector Enterprise NLC India Ltd, has entered into a long-term power usage agreement with Rajasthan Urja Vikas Nigam Ltd for a supply of 300 MW of solar power to Rajasthan under the Central Public Sector Undertaking scheme for 25 years. The solar capacity is part of a 510 MW solar power project secured by NLCIL in the …

NLC India plans ₹24,000 crore solar investment by 2030: CMD
1 year, 8 months ago

NLC India plans ₹24,000 crore solar investment by 2030: CMD

Live Mint  

New Delhi: State-run NLC India Ltd plans to set up a step-down subsidiary to operate its new-age renewable energy businesses, including battery storage. In an interview, Prasanna Kumar Motupalli, chairman and managing director of the company, said that after the recent incorporation of its green energy arm, NLC India Renewables Ltd, the company is exploring the option of setting up …

Cabinet clears ₹12k-cr green energy corridor
3 years, 2 months ago

Cabinet clears ₹12k-cr green energy corridor

Hindustan Times  

As part of India’s green energy push, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on Thursday approved the ₹12,031 crore second phase of setting up transmission projects for supplying electricity from renewable energy projects. Green energy corridors are being set up in two phases with the second phase of the transmission corridors to supply 20 …

Tamil Nadu will get full quota of power soon: NLC chief
11 years, 3 months ago

Tamil Nadu will get full quota of power soon: NLC chief

The Hindu  

The State will get its full quota of power from Neyveli Lignite Corporation within a fortnight. “Some of our plants that are under maintenance shutdown will start functioning in about two weeks and generate power touching 1,100 MW,” NLC Chairman-cum-Managing Director B. Surender Mohan told reporters here on Friday. The plants undergoing maintenance will start operating at optimum capacity within …

NLC projects to generate 8,500 MW more
12 years, 1 month ago

NLC projects to generate 8,500 MW more

The Hindu  

The Neyveli Lignite Corporation, a Navaratna company, has proposed to start new power projects to generate additional 8,500 MW of electricity. Of this, over 70 per cent – 6,000 MW – would come from the projects in Tamil Nadu, B. Surender Mohan, Chairman-cum-Managing Director of the NLC, said on Saturday, inaugurating the rejuvenated mines equipment here. Mr. Mohan said the …

NLC takes up baseline survey in 120 villages as part of CSR
12 years, 2 months ago

NLC takes up baseline survey in 120 villages as part of CSR

The Hindu  

Neyveli Lignite Corporation has taken up a baseline survey in 120 villages to identify basic needs and maximise its contribution for their sustainable development, as a Corporate Social Responsibility initiative. The ‘navaratna’ public sector undertaking, which has been implementing ‘peripheral development scheme’ to provide infrastructure facilities in villages within a radius of eight kilometres from the NLC township, has identified …

NLC to add 1,000 MW to regional grid this year
12 years, 10 months ago

NLC to add 1,000 MW to regional grid this year

The Hindu  

The Neyveli Lignite Corporation will add 1,000 MW of power to the regional grid during the current financial year, said its Chairman and Managing Director A.R. Addressing newsmen, he said that the Corporation was on the verge of commissioning unit one of Thermal Power Station-II of 250 MW plant at Neyveli, followed by the second unit in December. The first …

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