What is the Neyveli Lignite Corporation India Limited (NLCIL)?
26-08-2023
11:46 AM
1 min read
Overview:
NLC India Limited (NLCIL) has generated 3,008 crore units of power in the financial year 2022-23, which is the highest for any financial year since its inception.
About Neyveli Lignite Corporation India Limited (NLCIL):
- What is it? It is a Central Public Sector Enterprise with Navratna status under the administrative control of the Ministry of Coal.
- It was incorporated in the year 1956 under the Companies Act, 1956.
- It is involved in the fossil fuel mining sector in India and thermal power generation.
- It currently operates four lignite mines, one coal mine, and six thermal power plants, as well as solar and wind power plants.
- Headquarters: Neyveli, Tamil Nadu.
Q1) What is a Central Public Sector Enterprise (CPSE)?
Central Public Sector Enterprises (CPSEs) are those companies in which the direct holding of the Central Government or other CPSEs is 51% or more. As on 31st March 2021, there were 389 CPSEs (excluding insurance companies).
Source: NLCIL sets new records in power generation and coal production
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