NLC India inks three MoUs with Odisha's IPICOL for Rs 37,000 crore projects

Key facts

• NLC India (NLCIL) signed three memorandums of understanding with the Industrial Promotion and Investment Corporation of Odisha (IPICOL) in Mumbai, covering a total proposed investment of Rs 37,000 crore.
• The first MoU is for a 3,200 MW ultra-supercritical thermal power plant in Odisha with four units of 800 MW each, a potential investment of Rs 35,000 crore and expected employment for about 4,000 people.
• The second MoU is for a beach sand mineral processing facility with a tentative investment of Rs 2,000 crore, expected to provide jobs for about 500 people.
• The third MoU is for a study on coal gasification in Odisha to examine the technical feasibility of producing synthesis gas (Syn-Gas) for use in the fertiliser sector.
• NLC India, formerly Neyveli Lignite Corporation Limited, is a Navratna public sector undertaking with 79.2% Government of India equity, a lignite mining capacity of 30.1 million tonnes per annum, coal mining capacity of 20 million tonnes per annum and installed power generation capacity of about 6,071 MW.
• Prime Minister Narendra Modi laid the foundation stone for NLC India's 2,400 MW ultra-supercritical thermal power plant in Sambalpur, Odisha, in February 2024.