NLC India raises its mining capacity substantially
NLC India Ltd, a Navratna company of the Government of India, announced on Friday that it has made a capacity addition of 517.5 MW by using ‘first-of-its-kind technology’ during FY21, with 500 MW of lignite-based thermal power and 17.5 MW of solar power with battery energy storage system. With this, NLCIL and its subsidiaries' installed power generating capacity have increased drastically to 6,061.06 MW.
During the same year, the company also entered into a coal mining business and commenced coal production at its Talabira Mines in Odisha, which has a capacity of 20 MTPA. Due to this, the total mining capacity of the company has increased from 30.60 MTPA to 50.60 MTPA. The mine also surpassed its target of 0.937 MTPA in the first year and achieved actual coal production of 1.013 MTPA.
The company along with its subsidiaries generated 24,613 MU of power during FY21. It has expanded its renewable power plants, which is aligned with the Government of India’s vision on renewable energy (RE), and at present, the installed capacity of RE is 1,421.06 MW. The renewable power generation is increased by 39 per cent, from 1.481 MU in the previous year to 2,057 MU in FY21.
On Monday, the share price of NLC India opened at Rs 49.35, a decrease of 0.20 per cent over Friday's closing day price, which stood at Rs 49.45 on BSE.