NLC India Ltd Company History

The Corporation was incorporated as a private limited company on 14th November, by the Government of India. The company undertake mining and processing of lignite, generation and distribution of power, manufacture of fertiliser, chemicals, etc. Briquetting and carbonisation of lignite and processing and sales of clays of all kinds. The Corporation's main products are lignite, electric power, urea, leco, coke fines, nekolin and pulverised nekolin.

In February, sanction was received to set up a second thermal power station comprising three 210 MW units.

Out of the total shares issued till date, 17,65,509 shares were issued for cash, 6,01,500 shares were issued by converting Govt. loan into equity and 43,733 shares issued without payment in cash.

M/s. Rheinbraun were appointed technical consultants for the expansion project.

Development Consultants Pvt. Ltd. (DCPL) were appointed Indian Consultants for the project and Lahmeyer International of West Germany were appointed retainer consultant to look into the lignite firing aspects and to scrutinise tenders for import of milling and firing equipment, etc.

Letters of Intent were issued in December for 3 nos. of 1400 litres BWEs, 3 nos. of 700 litres BWEs, 400 mm and 2000 mm width conveyors. Letters of intent for spreader was issued in May 1986.

2,23,500 No. of Equity shares issued for cash.

It was converted into a public limited company on 7th March. The Corporation's activities are conducted by five units - mines, thermal power station, fertiliser plant, briquetting and carbonising plant and clay washing plant.

In January, a supplementary feasibility report for first mine expansion and a report on setting up a Power Station of 2 x 210 MW were submitted to the Government of India. Unit-II was commissioned.

The Company along with Engineers India Ltd., entered into a contract with Gujarat Mineral Development Corporation for monitoring expansion of Panandhro mine including construction, supervision, Cost minitoring, inspection and approval of drawing etc.

The Corporation issued 5,00,000-14% (`A' Series) secured redeemable non-convertible bonds of Rs 1000 each at par. These bonds are redeemable at par after the expiry of 7 years from the date of allotment.

6,72,000 No. of Equity shares issued for cash.

The Unit-I was commissioned.

The 400 KV transmission system viz., 400 KV line between Neyveli-Chennai, 400 KV line between Neyveli-Pondichery along with the switching stations/sub-stations were commissioned.

During October, the Company issued 8,50,000 - 9% (tax-free) and 13% (taxable) secured redeemable non-convertible (`B' Series) bonds of Rs 1000 each for cash at par aggregating Rs 85 crores, of which (i) 3,50,000 bonds were offered on private placement basis (all were taken up) and (ii) 5,00,000 bonds to the public. Additional 38,274 bonds were allotted to the public on 19th December, 1987 to retain over-subscription.

11,33,100 No. of Equity shares issued for cash.

An agreement was entered into with ICB of India for the preparations of the techno feasibility report for revamping the urea plant in consultation with the original supplier, viz., Technimont, Italy. Introduction of three grove forms and stamps in more number of presses.

The Bonds of `C' series and `D' series to the value of Rs 200 crores and Rs 120 crores respectively were issued under private placement basis. It was also proposed to issue `E' series bonds to the extent of Rs 400 crores to meet the capital expenditure of the various expansion schemes.

16,16,900 No. of Equity shares issued for cash.

29,10,000 No. of Equity shares issued for cash.

Four electro static precipitators were erected and commissioned in

thermal power station-I.

9,80,000 No. of Equity shares issued for cash.

By virtue of Fertiliser plant shut down for a period of about 20 days on account of annual turnaround. Moreover plant was shut down once again for a period of 5 days due to strike by workers. Added to these was the power failure and other break downs.

The 170 Km. long Neyveli-Salem second circuit 400 KV line was commissioned apart from the commissioning of second 315 MVA transformer at Udamalpet sub-station was also commissioned.

Shares amounting to Rs 71791.30 crores of the corporation were disinvested and transfered to various financial institutions, mutual funds, nationalised banks etc. These were listed in the Stock Exchanges at Chennai, Mumbai, Delhi and Ahmedabad.

Equity shares sub-divided. 1520,00,000 No. of Equity shares issued for cash.

Shares amounting to Rs 104.37 crores representing about 7.27% of the paid-up capital as on 31.03.1991 (6.45% of 1992-93) were disinvested and were listed on Ahmedabad, Mumbai, Delhi and Chennai Stock Exchanges.

511,57,500 No. of Equity shares issued for cash.

During the year, a contract was signed with M/s. PDIL, Sindri for installation & Commissioning of an efficient treatment plant for the fertilizer factory.

Action was taken for modernisation of instrument system and for conducting a study for revamp of plant. A separate Nitrogen plant was planned and M/s. Lurgi were appointed as consultants.

The Company disinvested 717,91,300 No. of equity shares at an average price of Rs 11.46 per share.

Permission was received for establishing a 250MW lignite based thermal power plant subject to certain conditions.

964,32,500 No. of Equity shares issued for cash.

833,70,000 No. of Equity shares issued for cash.

Two Electro Static precipitators were commission in Boiler-4 and 7A.

Bucket wheel excavator was released for rejuvenation works on 6th

October.

Production was affected due to power failure voltage dips and subsequent start up and stabilisation of the plant, problem in one of the gasifiers due to oxygen compressor in July and to attend the breakdown and leaks in ammonia/urea plants.

Steps were taken for replacement of existing 3 ammonia convertors by a single convertor of improved technology by placing orders on M/s. Projects & Development India Ltd., Sindri.

In February, sanction was received for the addition of 2 units of 210 MW each in thermal power station-I.

The Neyveli Lignite Corporation (NLC) has entered into a loan agreement for DM 375.20 million (about Rs.750 crore) with KFW,

1998 - The public sector Neyveli Lignite Corporation Ltd (NLC), has exceeded targets set for power generation, power export, production of coke and overburden removal for May.

The Letter of Intent (Lol) to Ansaldo was issued on Aug. 11,

The Neyveli Lignite Corporation (NLC) is set to take up a sizeable equity stake in the 250 MW lignite-based power project being established at Srimushnam in the state by Tamil Nadu Industries Captive Power Company Ltd (Ticapco), a subsidiary of BSES Ltd.

Neyveli Lignite Corporation Ltd (NLC) will add two 210-mw units to its thermal power station-I (TPS-I).

The Neyveli Lignite Corporation (NLC) had entered into an agreement with ST-CMS, an US power generating private company to set up a 250 mw thermal power station here and to supply lignite.

The Neyveli Lignite Power Corporation (NLC) will continue to provide about five million units of power a day to Karnataka with minimum disruption.

The proposed joint venture of Neyveli Lignite Corporation (NLC) and the National Thermal Power Corporation (NTPC) for putting up a 1,200-1,500 MW lignite-based power plant using the lignite from NLC's mine-III, may not materialise at all.

Neyveli Lignite Corporations's (NLC) two power stations have bagged the meritorious productivity award of the Union government for 1997-98.

The Department of Company Affairs, Ministry of Law, Justice and Company Affairs has confirmed the reduction in the share capital from Rs 17,96,78,42,000 to Rs 16,77,70,96,000 for transfer of Power Transmission System to Power Grid Corporation of India Ltd.

China will enter into a joint venture with Neyveli Lignite Corporation (NLC) for Lignite mining project in India.

The eight unit of Neyveli Lignite Corporation's first thermal power station has been recommissioned and synchronised with the Tamil Nadu grid.

Power Finance Corporation (PFC) has committed to extending a loan of Rs 1,000 crore to the Neyveli Lignite Corporation (NLC) for its Mine-II and TPS-II expansion project

Earns Rs 950 crore profit during 2001-2002 fiscal

Signs MoU with Rajasthan government to set-up a lignite-based thermal power station at Barsinger in Bikaner district

S Jayaraman takes over as CMD of Neyveli Lignite

Fire breaks out at Neyveli Lignites' lignite transfer system at Thermal Power Station - II

Unveils two new units (the first 210-MW unit of TPS-1 and the fourth overburden system of Mine-1A project)

Enters into MOU with Tamil Nadu Electricity Board for setting up of 100 MW Thermal Power Station at Tuticorin in Tamil Nadu

Delisting of equity shares of the company from Madras, Delhi & Ahmedabad Stock Exchanges.

Got the statutory clearances for expanding the capacity of its Mine II from 10.5 million tonnes per annum to 15 million tonnes per annum

Appointed 1. V K Pandit

2. R Vijayaraghavan

3. P K Sengupta

4. D Babu Paul

5. Deepak Singh

6. Shailendra P Singh

7. Sunil Bhargava. as Non Official Part Time Directors

Shri A R Ansari has assumed charge as Director (Planning & Projects) of the company

K Skandan relinquishes as Part Time Official Director of the company

Neyveli Lignite Corporation Limited has informed that the shares of the company have been delisted from the Delhi Stock Exchange Association Ltd and Madras Stock Exchange Ltd w.e.f. December 10, 2003 and December 12, 2003 respectively.

Neyveli Lignite Corporation Limited has informed that the equity shares of the Company have been delisted from The Stock Exchange, Ahmedabad with effect from January 15, 2004.

NLC bags ISO quality certification

NLCL ties up with ONGC

Neyveli Lignite Corporation enters into an MoU with Rural Electrification Corporation for funds up to Rs 2,500 crore

Neyveli Lignite enters into JV with TNEB

Neyveli Lignite Corporation Ltd on December 21, 2005, has appointed Shri. D Rajendran, I.A.S. Secretary to Government of Tamilnadu, Industries Department as an Additional Director of the Company.

Neyveli Lignite Corporation Ltd has appointed Shri S P Seth, Additional Secretary to Government of India, Ministry of Coal as a part-time Official Director on the Board of the Company in place of Shri Pradeep Kumar, former Special Secretary, Ministry of Coal.

Neyveli Lignite Corporation Ltd has appointed Shri. Y N Appa Rao, Shri. Shashi Kumar, Dr. Krishna Kumar, Shri. Ravindra Sharma, Shri. S Rammohan, Sri. P K Choudhury, Shri. S Sadagopan, as Additional Directors of the Company.

Neyveli Lignite Corporation Ltd has appointed Shri. R Kandasamy as an Additional Director of the Company with effect from September 17, 2009.

Neyveli Lignite Corporation Ltd has appointed Shri. K. Sekar, who has assumed charge as Director (Finance), as an Additional Director of the Company with effect from October 01, 2009.

Neyveli Lignite Corporation Ltd has informed that Shri Sanjay Govind Dhande, has been inducted as an Additional Director on the Board of Directors of the Company with effect from June 26, 2010.

18 Billion Units of power generation in a Year, NLC Power Stations creates new history

Neyveli Lignite has appointed M/s. L. U. Krishnan & Co,, Chartered Accountants, Chennai and M/s. Sreedhar, Suresh and Rajagopalan, Chartered Accountants, Chennai as Joint Statutory Auditors of the Company

Neyveli Lignite signs Memorandum of Understanding (MoU) for the JV with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL).

Shri.Vikrarn Kapur lAS has been appointed as a Part-time Official Director of the Company.

To decleared final dividend @ 10 % to shareholders

To decleared final dividend @ 18 % to shareholder

Neyveli Lignite Corporation Ltd has informed BSE that Unit I of NLC Tamilnadu Power Limited, the Subsidiary Company has been test synchronized with the Grid

NLC signs MoU with Kobe Steel

Neyveli Lignite Corporation Ltd. Unit II (250MW) of Thermal Power Station -II Expansion Project(2x250 MW) at Neyveli

Neyveli Lignite Corporation Ltd inaugurating the 10MW Solar Power Project at Neyveli.

Neyveli House",No. 135, Periyar EVR High Road, Kilpauk, Chennai- 600 010 has been shifted to First Floor, No.8,Mayor Sathyamurthy Road, PSD, Egmore Complex of Food Corporation of India, Chetpet, Chennai-600 031.

The name of Neyveli Lignite Corporation Ltd. shall be changed to NLC India Ltd. and symbol be changed from NEYVELILIG to NLCINDIA

Public Relations Society of India (PRSI), presented Three National Awards to NLCIL in the categories of Best Corporate Film (First place), Best PSU Implementing RTI (First Place) and Best CSR Project for Women's Development (Third Place) during the inaugural function of 39th All India Public Relations Conference held at Vizag, on 15.12.2017

NLCIL bags Coveted Brand building through Inclusive Growth Initiatives -2017 Award instituted by Standing Conference of Public Enterprises (SCOPE) during Corporate Communication Excellence Awards -2017 Ceremony.

"National Award for Best HR Practices -2017" presented to NLCIL, by National Institute of Personnel Management (NIPM) at 36th NIPM National Conference(NATCON)

'National Award for Excellence in Cost Management - 2016' presented by the Institute of Cost Accountants of India.

Best Enterprise Award -2016 presented by Central Apex Forum of WIPS at Nagpur

Special Award presented Excise Department for one of the top performer in payment of Excise Duty in Chennai LTU for the year 2016-17 at Chennai.

NLCIL has won the Apex India CSR Excellence Award for its outstanding Achievement in Corporate Social Responsibility

NLC India Limited has set up 130 MW Solar Power Project at Neyveli".

NLC India commissions entire 500 MW solar PV power projects in Tamil Nadu

NLC India was awared Best Sustainable Technology provider of the year 2019

NLCIL india was awared Platinum Award in 10th Exceed Environment Awards 2021 by Corporate Environment Cell (CEC)

NLC India,BHEL and CIL signs MoU for setting up coal gasification projects.

NLC India Ltd.inks MoU with Assam Power Distribution Company Ltd., for development of 1000MW Renewable Energy Projects in Assam State.

NLC India achieved record physical performance on all fronts during the FY 2021-22.

NLC India announced that a power purchase agreement was signed between TANGEDCO and the company for procuring 1500 MW power from thermal power project at Talabira.