NLC India ramping up its coal production from 4 Million Tonnes to 20 MTPA

At a time when the economy is growing up and electricity demand is increasing, NLC India Limited, a 'Navratna' PSU's 20 Million Tonnes Per Annum (MTPA) Talabira II & III Open Cast Mine, Odisha has crossed 2 Million Tonnes production till date during its first full year of operation.

NLCIL has taken steps to achieve the Target of 6 MTPA from its original schedule of 4 MTPA during the current year and considering the high demand of coal, NLCIL is taking all out efforts to augment the Coal Production of Talabira Mine upto 10 MTPA for the current year and upto 20 MTPA from next year onward.

This will not only provide fuel security to End Use Plants but also make available coal in the market.

The coal produced is being transported to its one of the End Use Plant, NLC Tamilnadu Power Limited's 2 x 500 MW at Tuticorin, Tamilnadu, a subsidiary of NLCIL. The entire generated power is catering to the requirement of Southern States, major share (more than 40%) to Tamilnadu.

Recent Amendment to Mines and Minerals (Development and Regulation) Act on Mineral Concession Rules by Ministry of Coal, Govt. of India on 1st October 2021 has enabled the Mine for sale of excess Coal after meeting the coal requirement of End Use Plant. Accordingly, the permission from Ministry of Coal has been sought to sell the excess coal.

Shares of NLC India Limited was last trading in BSE at Rs. 69.25 as compared to the previous close of Rs. 70.50. The total number of shares traded during the day was 1243284 in over 7888 trades.

The stock hit an intraday high of Rs. 72.00 and intraday low of 68.70. The net turnover during the day was Rs. 86910165.00.

Source : Equity Bulls

Keywords

NLCIndia INE589A01014 ElectricUtilities CoalProduction