A bitter political spat involving the Centre and the states of West Bengal and Jharkhand has forced power utility Damodar Valley Corp. (DVC) to abandon its plan to sell a 1,200-megawatt (mw) plant to a proposed joint venture with NLC India Ltd (formerly Neyveli Lignite Corp.), putting at risk Rs21,000 crore of long-term loans that it is struggling to repay.
NLC India has been tasked with covering vacant land of the Railways with solar power generation set-ups.
NLC India has been tasked with the responsibility of the covering all remaining vacant land of the railways with solar power generation set ups. Speaking the World Mining Congress, Minister for Railways and Coal, Piyush Goyal said, “The Railways is going to tie up with NLC and have them put up solar power generation equipment […]
NLC India, formerly known as Neyveli Lignite Corporation, has come out with an offer for sale (OFS) where government is selling 5 percent stake.
NLC Investing Heavily In Renewables But Also Eyeing Stressed Coal-Fired Power Plants For Acquisition
State-owned NLC India is investing aggressively in renewable energy even as it eyes stressed coal-fired generating stations in the market for acquisition a part of its inorganic growth strategy.