Net profit of NLC India rose 5.00% to Rs 329.49 crore in the quarter ended December 2018 as against Rs 313.80 crore during the previous quarter ended December 2017. Sales rose 9.81% to Rs 1873.82 crore in the quarter ended December 2018 as against Rs 1706.48 crore during the previous quarter ended December 2017.

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NLC India will hold a meeting of the Board of Directors of the Company on 12 February 2019.

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NLC India signed a Memorandum of Understanding with the Government of Tamil Nadu during the Global Investors Meet held at Chennai on 23 and 24 of January 2019 for setting up of Mines & Power Projects in Tamil Nadu.

The company already operates 4 Lignite Mines of Capacity 30.6 Million Tonnes Per Annum (MTPA) (in the States of Tamil Nadu and Rajasthan) and 5 Thermal Power Stations of capacity 3140 MW (in the States of Tamil Nadu and Rajasthan), out of which 28.6 MTPA Lignite Mines & 2890 MW Thermal Power Stations are located in Tamil Nadu. Besides that NLCIL has 492 MW Renewable Energy Projects in Tamil Nadu and another 909 MW Solar Projects are under implementation.

Already NLCIL has a joint Venture Project of 1000 MW Coal based Thermal Power Station with TANGEDCO, operating at Tuticorin, Tamil Nadu.

In addition to the above on 24 January 2019, NLC India signed an MoU with Government of Tamil Nadu to set up a 15.5 Million Tonnes Per Annum (MTPA) capacity Lignite Mines, 2640 MW Lignite based Thermal Power Project and 1000 MW Renewable (Solar) Project in Tamil Nadu at an estimated cost of Rs.23,800 crore.

The envisaged investment in the Projects would approximately generate direct employment for 1250 persons and indirect employment for 7500 persons.

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NLC India has commissioned its 1000 MW (2X500 MW) of Neyveli New Thermal Power Project (NNTPP) by successfully conducting the boiler light-up test for the First unit with secondary fuel on 28 December 2018 at Neyveli.

This is the first 500 MW lignite fired power plant in the country. It can generate 1000000 units of power in an hour. This power project will replace the existing more than five decades old TPS-I (600MW) at Neyveli.

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