NLC India announced that the 62nd Annual General Meeting (AGM) of the company will be held on 30 July 2018.

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NLC India announced that Subir Das relinquished the charge as Director(Mines) of the Company on 30 June 2018 on superannuation.

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NLC India has joined the league of Accredited Power Traders in the country with CERC granting it Category I Licence for power trading. It plans to carry out the trading activity through an exclusively power trading arm for trading power by procuring power from other GENCOS through bilateral agreements.

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Through its technical expertise and efficient mining operationcombined with Prudent Cost Management, NLC India has been able to reduce its Lignite Transfer Price for captive use by around Rs.300/Ton this financial year leading to lowering of Power Tariff ranging from Rs.0.35 to Rs.0.58 per Kwhr of electricity from its power plants with effect from April/May 2018. On account of above reduction in transfer price, around Rs.683 crore will be passed on by NLC India to the beneficiary Power Distributing Companies in southern region.

In addition to the above, earlier with major reforms coming throughGovernment initiatives of GST roll out with effect from 01 July 2017,NLC India , as a power generator using lignite from its own mines in the same state passed on the benefit coming from the non-applicability ofcompensatory cess which resulted in reduction of Power Tariff rangingfrom Rs.0.45 to Rs.0.75 per Kwhr based on primary fuel consumption inits various power plants. That time around Rs.631 crore benefit (for ninemonths) was passed on to user Discoms in southern states as well as inRajasthan.

Now with the further reduction of transfer price as stated above, thetotal reduction in power tariff has been to the tune of Rs.0.80 toRs.1.33 per Kwhr resulting in huge benefit to the consumers by almostRs.1523 crore per annum.

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