Neyveli Lignite Corporation

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Neyveli Lignite Corporation (NLC) Limited
Type Government-owned
Traded as BSE513683
NSENEYVELILIG
Industry Energy
Founded 1956
Headquarters Chennai, India
Key people Shri. B Surender Mohan (Chairman & MD)[1]
Products electricity generation and distribution, hydroelectricity, wind power, energy trading
Revenue Increase INR48.66 billion (US$790 million)(2011–2012)[2]
Net income Increase INR14.11 billion (US$230 million)(2011–2012)
Employees 18,434 (2011)[3]
Website nlcindia.com

Neyveli Lignite Corporation Limited (NLC) is a government-owned lignite mining and power generating company in India. NLC operates the largest open-pit lignite mines in India, presently mining 24 MT of lignite and has an installed capacity of 2,740 MW of electricity. It also supplies a large quantity of sweet water to Chennai from the artesian aquifers in the lignite mines. On 11 April 2011, it joined the elite group of Navratna Companies.[4] In 1956 NLC was formed as a Corporate body.

NLC is listed on BSE:513683 as well as NSE:NEYVELI LIG. The Union Government holds 93% shares of NLC and is administered through Ministry of Coal.[5]

NLC is currently in the news due to its disinvestment plans and the indefinite strike by its 27000 employees and workers since 5 July 2013.[6]

History[edit]

The presence of lignite in the area was discovered by C. Jambulingam Mudaliar when he dug borewell in his land for irrigation. The water which emerged was black in colour so he asked the erstwhile madras presidency to conduct the necessary experiments for the reason of black colour of water. He donated his land to the then government free of cost when the reason was detected to be the presence of lignite for its utilisation in power generation, for the benefit of people.[citation needed]

Mines & Thermal Plants[edit]

NLC power plant

NLC operates mines with linked power plants.

Mine Production (MTPA) Power Station Capacity (MW)
Mine I 10.5 Thermal Power Station-I 600
Mine IA 3.0 Thermal Power Station- I Expansion 420
Mine II & Expansion 15.0 Thermal Power Station-II 1470
Barsingsar Mine 2.1 Barsingsar Thermal Power Station 250

Township[edit]

NLC has well-developed township in Neyveli in the district of Cuddalore, Tamil Nadu,India. It is well connected by road along the Chennai - Thanjavur National Highway NH 45C and Cuddalore - Salem National Highway NH-532. A dedicated rail track with a Railway station was constructed to transport heavy machineries for the mining and the power generation industries.

Recently started Barsingsar Mining & Power Project has also got a new small township named 'Lignite Shakthi Nagar' for the employees in the project. It is situated near Barsingsar Village 30 km from Bikaner towards Jodhpur with a diversion from NH-89 near Palana.

Disinvestment[edit]

The government had initiated efforts to disinvest shares in the profit-making[7] institution. As of 5 July,[8] 27,000 workers and employees of NLC have been on an indefinite strike protesting the disinvestment plans.[6]

References[edit]

External links[edit]