Neyveli lignite Corporation limited, a Navratna Public Sector Enterprise, under the administrative control of Ministry of Coal (MOC) has a chequered history of achievements in the last 58 years, since its inception in 1956. NlC is a pioneer among the public sector undertakings in mine cum energy sector.
The main constituent units of the company are lignite with a total capacity of 30.60 MTA and power with a total capacity of 2,990 Mw. The company has been successful in exceeding the targets for overburden removal and lignite excavation for the year 2014-15. The targets for the power generation have been achieved around 97 per cent, mainly due to delay in the commissioning of the TPS — II Expansion units (2X250 Mw) by BHEl.
Power Generation from Thermal Power Station-I expansion at 3,385.04 MU achieved during the year 2014-15 is the highest for any year since inception (previous record — 3,319.70 MU in 2012-13). Thermal Power Station-I expansion has achieved 92 per cent, PlF which could be the highest for a lignite based thermal power plant in India. NlC has paid Rs271.79 crores as an interim dividend of 18 per cent for the financial year 2014-15 to the government. The total outgo to the company on it’s paid up capital of Rs1,677.71 crore is Rs301.99 crore.
NlC Board in its 448th meeting has approved the investment decision to set up Bithnok lignite Mine (2.25 million tonnes of lignite) cum thermal power project (2X125 Mw) at a cost of Rs2,700 crore. Seven units of wind power with a capacity of 10.5 Mw, out of 51 Mw capacity have been commissioned in 2014-15.
NlC has spent Rs1.53 crore in 2011-12, Rs14.26 crore in 2012-13 and Rs26.30 crore in 2013-14 respectively for CSR activities, which is more than the Department of Public Enterprises (DPE) stipulated norms of 0.5 per cent to one per cent of profit after tax.