Wednesday, August 5, 2020
News

NLC, Coal India form JV to develop solar and thermal power assets

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Neyveli (Tamil Nadu) | July 4, 2020 11:11:47 AM IST
Government-owned mining majors NLC India Ltd and Coal India Ltd have formed a joint venture to develop solar and thermal power assets to the tune of 5,000 megawatts of power.

Both companies will hold equal 50:50 equity in the joint venture company.

"This marks a new era in the power sector with synergy and expertise of two central public sector undertakings under the Ministry of Coal," NLC India said in a statement.

The company -- earlier known as Neyveli Lignite Corporation -- has a power generation capacity of 5,192 megawatts besides lignite mining capacity of 30 million tonnes per annum.

Its projected capital expenditure up to the year 2025 is Rs 1.28 lakh crore with a debt-equity ratio of 70:30.

Coal India is the single largest coal producer worldwide and operates through 83 mining areas spread over eight states in India. It produces 607 million tonnes of coal annually. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
FUN88 joins hands with Caribbean Premier...
SpiceJet gets Heathrow slots, flights fr...
Ratan Tata accuses Mistry of creating 's...
'Indian economy might recover relatively...
Ratan Tata cites surge in shareholding v...
Rohit Rajput - A bodybuilder with the be...
More...
 
INDIA WORLD ASIA
Not sure of Khaleda Zia's abroad treatme...
Sri Sri Ravi Shankar not invited to Ram ...
Migrant apple labourers being closely mo...
UP CM, Anandiben Patel, Uma Bharti arriv...
Kejriwal extends greetings on foundation...
With spike of 52,509 cases, India's COVI...
More...    
 
 Top Stories
B'desh signals shift towards Pakist... 
Fazilpuria on working with Badshah:... 
17 Covid-19 patients discharged in ... 
Dua Lipa to drop full album of 'Fut... 
PM Modi performs 'bhoomi pujan' for... 
Russia lifts restrictions on foreig... 
Andhra Pradesh: Illegal miners in K... 
Tamil Nadu: BJP members, workers pe...