NLC India with Rs 4,400 cr to set up methanol project in Neyveli

17 Jun 2022 CW Team

NLC India Limited (NLCIL), which is a Navaratna Public Sector Undertaking (PSU) under the Ministry of Coal, plans to invest Rs 4,400 crore to set up a methanol project using lignite in Neyveli, Tamil Nadu.

This project will be the first of its kind in the state, with a capacity of 1,200 tonnes per day or 0.40 million tonnes per annum (mtpa) and will be commissioned in 2027.

According to a report, NLCIL has urged the Ministry of Coal to include the project in the Centre’s proposed production-linked incentive (PLI) scheme to provide a financial incentive for every unit of product sold.

The PSU has appointed Engineers India Limited (EIL), which is also a Navaratna PSU body under the Ministry of Petroleum and Natural Gas, as the project management consultant for the project.

EIL’s experience in the hydrocarbon sector, with NLCIL’s strong project implementation team and experience would successfully help in project completion.

National Institution for Transforming India (NITI) Aayog will monitor the successful implementation of this project.

Image Source

Also read: NLC India begins coal supply to NTPC Darlipali in Odisha

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..