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

Real Estate

17 Sep 2025

Indian REITs Offer 6-7.5 per cent Yield, Surpassing Many Global Markets

Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6–7.5 per cent for unitholders, outperforming many mature markets, including the US, according to a report by Credai and Anarock.Credai, the apex body of Indian real estate developers, and property consultant Anarock released the report Indian REITs – A Gateway to Institutional Real Estate at an event in India.Currently, India has five listed REITs – Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. Nexus Select Trust pr..

Insolation Energy Wins 226 MW Solar Projects Under PM-KUSUM

Insolation Energy on Monday announced securing multiple solar projects totalling 226.45 MW, with an investment of Rs 7.5 billion, under the PM-KUSUM scheme. The orders were awarded to its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, by Jaipur Vidyut Vitran Nigam Limited for 20 sites and Ajmer Vidyut Vitran Nigam Limited for 115 sites, the company informed the exchanges.“The combined SPV solar power plants will total 226.45 MW under PM-KUSUM Component A, with the final levelised tariff at Rs 3.04 per unit for 16 sites, Rs 2.82 per unit for 5 sites, Rs 2.75 per unit for 53 sites, ..

Numaligarh Refinery Awards EPC Contract for Rooftop Solar Projects

State-owned Numaligarh Refinery Ltd. (NRL) has awarded a Letter of Award to Solarium Green Energy Ltd. for the rate contract covering the Engineering, Procurement, and Construction (EPC) of grid-connected rooftop solar PV projects at various locations. The projects fall within the categories of 51–200 kW and 201–1000 kW. Notable projects include a 140 kW rooftop solar plant at NRL Assam, a 760 kW plant at NRL Assam, and a 280 kW plant at NRL West Bengal.The supply order covers ex-manufacturing works and the dispatch price for plant and equipment for the 140 kW, 760 kW, and 280 kW rooftop s..