NLC India to invest in Rs430 bn power, mining projects
POWER & RENEWABLE ENERGY

NLC India to invest in Rs430 bn power, mining projects

Tamil Nadu based NLC India, a Navratna company under the Ministry of Coal is planning to roll out numerous power and mining projects worth Rs 430 billion in value. The new projects are expected to add 3,920 Mw of power, including 1,000 Mw solar power, and 11.50 million tonnes per annum (MTPA) of mining capacity to the company.

On July 3, 2020, the company had signed a joint venture agreement with Coal India (CIL) to set up 5,000 Mw of solar and thermal assets across the country. The ratio of equity participation between the two central public sector undertakings as mentioned by NLC India is 50:50. The proposed projects under formulation include a 3X800 Mw power project in Odisha, a 2X800 Mw thermal power plant, 2X660 Mw Thermal power station-II expansion in Neyveli, 1,000 Mw solar power project, and an 11.50 MTPA mining project in Neyveli, according to the company’s annual report. These projects are expected to commence operations between 2023 and 2027.

In September 2019, NLC India completed 709 Mw solar power projects in Tamil Nadu. This milestone increased the solar power generation capacity to 1350 MW making the company the first central public sector enterprise (CPSE) in the country to achieve solar power generation capacity of more than 1 Gw.

According to the company’s annual report, the company added a total of 1,209 Mw during 2019-20 and 17.5 Mw (solar) till June 30, 2020, and retired 400 Mw to its installed capacity. With this addition and retirement, the total installed capacity is now 4661.06 Mw. 

Out of 20 Mw solar power project in Andaman & Nicobar Island, 2.5 Mw was commissioned in December 2018 and the remaining 17.5 Mw on June 30, 2020. The commissioning of the balance 17.5 was delayed by three and a half months because of the disruption caused by COVID 19 and lockdown.

Without stating a reason, the firm has decided to put certain mining and power projects on hold for now. These include 500 Mw Thermal power projects in Rajasthan and 4.15 MTPA mining project in Rajasthan and 4 MTPA mining project in Tamil Nadu. 

But, taking into account the power projects under implementation and also the envisaged acquisition of power assets, NCL India is anticipated to grow to 21 GW power generating company by the year 2025 including Subsidiaries.

Tamil Nadu based NLC India, a Navratna company under the Ministry of Coal is planning to roll out numerous power and mining projects worth Rs 430 billion in value. The new projects are expected to add 3,920 Mw of power, including 1,000 Mw solar power, and 11.50 million tonnes per annum (MTPA) of mining capacity to the company.On July 3, 2020, the company had signed a joint venture agreement with Coal India (CIL) to set up 5,000 Mw of solar and thermal assets across the country. The ratio of equity participation between the two central public sector undertakings as mentioned by NLC India is 50:50. The proposed projects under formulation include a 3X800 Mw power project in Odisha, a 2X800 Mw thermal power plant, 2X660 Mw Thermal power station-II expansion in Neyveli, 1,000 Mw solar power project, and an 11.50 MTPA mining project in Neyveli, according to the company’s annual report. These projects are expected to commence operations between 2023 and 2027.In September 2019, NLC India completed 709 Mw solar power projects in Tamil Nadu. This milestone increased the solar power generation capacity to 1350 MW making the company the first central public sector enterprise (CPSE) in the country to achieve solar power generation capacity of more than 1 Gw.According to the company’s annual report, the company added a total of 1,209 Mw during 2019-20 and 17.5 Mw (solar) till June 30, 2020, and retired 400 Mw to its installed capacity. With this addition and retirement, the total installed capacity is now 4661.06 Mw. Out of 20 Mw solar power project in Andaman & Nicobar Island, 2.5 Mw was commissioned in December 2018 and the remaining 17.5 Mw on June 30, 2020. The commissioning of the balance 17.5 was delayed by three and a half months because of the disruption caused by COVID 19 and lockdown.Without stating a reason, the firm has decided to put certain mining and power projects on hold for now. These include 500 Mw Thermal power projects in Rajasthan and 4.15 MTPA mining project in Rajasthan and 4 MTPA mining project in Tamil Nadu. But, taking into account the power projects under implementation and also the envisaged acquisition of power assets, NCL India is anticipated to grow to 21 GW power generating company by the year 2025 including Subsidiaries.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement