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NLCIL Group Generates 3008 Cr Units of Power in a year

NLCIL Group

NLCIL Group Generates 3008 Cr Units of Power

During the fiscal year 2022-23, NLCIL Group, the state-owned Navratna grade Public Sector under the administrative control of the Union Coal Ministry, set a number of new records in its physical performances and reached new milestones in its project implementation process.

NLC India Ltd, a CPSE that has been fueling the progress of India’s southern states for more than six decades, is now expanding its operations throughout the country. Today, the company has PAN India footprints in Tamil Nadu, Rajasthan, Uttar Pradesh, Odisha, Jharkhand, Assam, and the Andaman and Nicobar Islands. Currently, the company operates four lignite mines in Rajasthan, totaling 3.21 million tons of lignite per year at Neyveli and Barsingsar. Similarly

It operates 5 lignite-based thermal power stations with an installed capacity of 3640 MW in Neyveli and Rajasthan. A coal-fired TPS with a capacity of 1000 MW is also in operation at Thoothukudi, via its subsidiary company ‘NLC Tamil Nadu Power Ltd,’ (NTPL), a joint venture between NLCIL and TANGEDCO. On the renewable energy front, the company operates 1370 MW of solar power plants in Tamil Nadu, including a 20 MW SPP in the Andaman and Nicobar Islands. It also owns and operates 51 MW of wind power in Tamil Nadu.

NLCIL Group

The company’s current mining capacity is 5.21 million tonnes of lignite and coal per year, and its power generation capacity is 6061 MW. NLCIL is expanding its mining capacity to 8.41 core tonnes per annum and its power generation capacity to 17171 MW. With this backdrop, NLCIL released its Physical Performances and highlights of its project implementation process for the fiscal year 2022-23 yesterday. According to the press release, NLCIL had another successful fiscal year, setting a number of new records in 2022-23.

Sector of Power:

NLCIL and its subsidiary Company have generated 3008 crore units of power, the most since the company’s inception. The company also set a new record with 219 crore units of green power generated from its Solar and Wind Power Plants in a single year.

Mining Industry:

The production of 1.003 crore tonnes of coal during the fiscal year under review was the highest since the company’s inception. In terms of lignite, despite land constraints, the company excavated 2.354 crore tonnes of lignite in 2022-23.

Power Sector:

NLCIL and its subsidiary Company have generated the most power (3008 crore units) since the company’s inception. In addition, the company set a new record by generating 219 crore units of green power from its Solar and Wind Power Plants in a single year.

Mining Business:

The company’s output of 1.003 crore tonnes of coal during the fiscal year under review was the highest since its inception. Despite land constraints, the company extracted 2.354 crore tonnes of lignite in 2022-23.

Initiatives Nouvelles

A contract was awarded for the construction of a ‘OB to Sand Beneficiation Plant in Mine-I A’ with an annual capacity of 2,62, 000 cubic meters. Tenders have been issued for the Gasification and Methanol Blocks as part of the new ‘Lignite to Methanol’ initiative. After a five-year hiatus, all Neyveli Mines began selling minor minerals (silica, sand, ball clay, etc.). The first coal swapping agreement was made with National Thermal Power Corporation (NTPC), under which Mahanadi Coalfields Ltd. (MCL) coal was made available to NTPL, Thoothukudi in lieu of Talabira coal as a cost-cutting measure.

Making plans for the future

For the coming fiscal year (2023-24), the company intends to prioritize increasing the Plant Load Factor (PLF) of Thermal Power Stations, improving the Capacity Utilization Factor (CUF) of Renewable Energy Projects, and increasing the efficiency of Mining Machineries and other systems.

NLCIL also intends to reduce production costs by implementing various cost-cutting measures, as well as to take steps toward the timely completion of the 2400 MW Talabira TPS and the 1320 MW Neyveli TPS. TPS- II Expansion 2. Without a doubt, the company’s strategy indicates that the years 2023 – 24 will also be memorable for NLCIL, leaving a number of indelible marks in the company’s annals.