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NLC eyes Rs 200 cr by selling raw lignite

Source : BUSINESS_STANDARD
Last Updated: Mon, Sep 03, 2012 19:22 hrs

The Neyveli Lignite Corporation (NLC) is planning to increase its raw lignite sales to more than 1 million tonne, which is almost double when compared with last year. The corporation would earn Rs 200 crore under this head alone.

NCL chairman and managing director B Surender Mohan said this at a Regional Coal Consumers Council meeting at Neyveli.

The coal ministry has constituted the Regional Coal Consumers Council for streamlining the grievance redressal mechanism and to provide solution, attend to complaints and monitor proper supply of coal/lignite to its consumers.

The council comprises Mohan as head, R Kandasamy, director (Mines, Planning & Projects), as coordinator and functional directors as members. The committee also consists of eight public interest nominees, appointed by the coal ministry.

After utilisation of lignite for its power plants, NLC sell lignite to various industries such as cement, chemical, brick, paper, steel and sugar, through e-auction. Besides, it sells around 1.9 million tonne lignite to an independent power plant at Neyveli annually.

During the discussions, the members and consumer representatives sought more lignite so that they could go for expansions. The representatives from the cement industry said they needed at least 130,000 tonne per month. They expressed their interest to enter into a fuel supply agreement with NLC.

Mohan said NLC was planning to increase its raw lignite sales to more than 1 million tonne. This additional quantity would fulfil the requirements of the consumers to a certain extent. He also informed that NLC was planning to set up an open cast lignite mine at Devangudi, a village near its second mines, in Tamil Nadu.

The lignite excavated from this new mine (2 million tonne) would be supplied to its consumers.




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