NLC India Ltd marks its footprints on Coal

NLC India Limited (NLCIL) has for the first time, commenced production of Coal on April 26, 2020. The coal produced from Talabira II and III mines in the state of Odisha, which was allotted to NLCIL in 2016 with a capacity of 20 million tonnes per annum will be used to meet its requirement of its existing and future coal fired power plants.

Commenting on the development, Shri Rakesh Kumar, Chairman cum Managing Director, NLC India Limited said, “By achieving success on this project during the difficult time of COVID-19 lockdown situation, our team has not only helped the company on its growth path but also contributed for energy security of the country especially when avoiding import of coal is the top most priority.”

This coal block has been developed through MDO model which is innovatively developed and successfully implemented by NLC team and has earned appreciation across the industry. This mine has a low stripping ratio of 1.09 and coal is of G 12 grade which will enable the company to generate competitive power in the time to come.

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In the recent past, the energy major, NLC India Limited has successfully commissioned its one of the two units of lignite based power plant (1000MW – 2 units of 500MW each), the first of its kind in the country. During 2019-2020, NLCIL has also successfully achieved Renewable Energy Generation capacity of 1404 MW comprising of 1353 MW of solar of 51 MW of wind power.

Shares of NLC India Ltd was last trading in BSE at Rs.43.05 as compared to the previous close of Rs. 43.35. The total number of shares traded during the day was 26183 in over 797 trades.

The stock hit an intraday high of Rs. 43.65 and intraday low of 42.9. The net turnover during the day was Rs. 1127233.