What does NLCL mean in COMPANIES & FIRMS
An abbreviation is a shortened or contracted form of a word or phrase. It is used to represent the full form of the word in order to save time and space. NLCL stands for Neyveli Lignite Corporation Limited, which is a public sector lignite mining and power generation company located in India. It was established in 1956 as an Indian government enterprise to mine lignite and generate electricity using lignite as fuel. NLCL currently operates mines, thermal power plants, and coal-based power plants across India.
NLCL meaning in Companies & Firms in Business
NLCL mostly used in an acronym Companies & Firms in Category Business that means Neyveli Lignite Corporation Limited
Shorthand: NLCL,
Full Form: Neyveli Lignite Corporation Limited
For more information of "Neyveli Lignite Corporation Limited", see the section below.
Brief History of NLCL
Neyveli Lignite Corporation Limited (NLCL) was incorporated in 1956 by the Government of India to exploit the lignite reserves of Neyveli discovered during 1952-53. This eventually resulted into setting up two large open cast lignite mines known as ‘Mines I’ and ‘Mine II’ in 1957 with an installed capacity to produce 3 million tonnes per year from each mine respectively. Furthermore, two thermal power plants were also established at Mines I & II with a total generating capacity of 500 MW using steam turbines fueled by lignite produced from these mines respectively.
Modern Operations
Today NLCL operates six Open Cast Mines producing about 30 million tonnes per annum. Since 2007, it has diversified into coal mining at Talabira Block – II where it has successfully extracted 1 million tonnes coals since then till present day. Additionally six Thermal Power Stations are also operational where about 8500 MW are being generated from these stations either based directly on lignite mined by them or through imported coal-fired steam turbine plant utilizing coal sourced from other domestic suppliers around India. On top of that they have also made substantial investments in renewable energy sources such as solar and wind farms down south near Andhra Pradesh apart from initiating various reclamation programmes meant for forest land restoration.
Essential Questions and Answers on Neyveli Lignite Corporation Limited in "BUSINESS»FIRMS"
What is NLC India (formerly Neyveli Lignite Corporation Limited)?
NLC India is a public sector enterprise of the Government of India, engaged in mining and power generation. It was established in 1956 and is headquartered at Chennai, Tamil Nadu. It has operations mainly in Tamil Nadu and Rajasthan. The company also provides consultancy services to companies across the globe.
What are the major products of NLC India?
NLC India’s primary products include lignite, coal, limestone and other minerals. Apart from this, it also produces electrical power through thermal power stations.
How can I get information about NLC India's financial performance?
You can find information about NLC India's financial performance on its company website or with the Securities Exchange Board Of India (SEBI) website.
What are some recent developments at NLC India?
Recently, NLC India announced plans to expand its operations by setting up new projects in other states of the country including Gujarat and Odisha. Additionally, it revealed plans for new joint venture projects with various state governments for mining and power generation.
How does NCSL work?
The National Coal Supply Corporation Limited (NCSL) was established as a wholly-owned subsidiary of NCL in 1997 to manage the supplies of coal from subsidiary companies across the country. Through its various subsidiaries, it supplies coal to major customers all over the country.
Does NCL have any international operations?
Yes; besides domestic operations, NCL also undertakes international projects like oil & gas exploration & production activities; engineering services; consultancy services etc., primarily in countries like Indonesia, Malaysia & Sudan amongst others.
How does NECL contribute towards CSR activities?
On an average amounting to Rs 10 crore per annum, NECL has been actively involved in providing assistance to regional organizations like Self Help Groups; women education; health care initiatives; relief camps during natural calamities etc.,
Where can I find more detailed information on NECL’s social investments?
Detailed information on NECL’s social investments are available on its company website under ‘Corporate Social Responsibility’ under ‘Investors section”
Who owns Neyveli Lignite Corporation Limited (NLC)?
Neyveli Lignite Corporation Limited is owned by Government Of India through Ministry Of Coal with 89% stake and remaining 11% held by Life Insurance Corporation of Indian (LIC), General Public & Financial Institutions
Final Words:
Neyveli Lignite Corporation Limited (NLCL) is one largest public sector enterprises established by the Government of India dedicated towards developing viable solutions related to value addition through production & supply of lignites that can be used both as fuel & non-fuel purpose alike along with subsidiaries focusing upon providing quality electricity generated using their own resources i.e Mine I & Mines II provided at competitive prices coupled with engaging their CSR activities actively for restoring hundreds acre wasteland along result into creating sustainable environment around entire region over there making them quite important player operating within private sectors arena up till now.
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