Latest news with #NLCIndiaLtd
Time of India
3 days ago
- Business
- Time of India
NLC India to invest ₹1.25 lakh crore by 2030, targets 20 GW capacity with green focus
NLC India Ltd , a public sector enterprise , is planning to invest ₹1.25 lakh crore by 2030 to expand its capacity from the existing 6.7 gigawatt (GW) to 20 GW, Prasanna Kumar Motupalli, Chairman and Managing Director (CMD) of the company has said. He said, out of ₹1.25 lakh crore planned capex, the company will be spending around ₹65,000 crore on renewables and other green initiatives, while around ₹45,000 crore will be earmarked for thermal and around ₹15,000 crore for mining. The official elaborated that out of the ₹65,000 crore capex on renewables, around ₹15,000 crore will be on the battery storage system . "We are having an aggressive capacity addition plan, adding the renewable capacity as well as the conventional capacity to take the capacity from the existing 6.7 gigawatt to 20 gigawatt. For that, the Capex requirement is around ₹1.25 lakh crore by 2030," Kumar told PTI. NLCIL is arranging finance for the planned capex of ₹1.25 lakh crore through internal accruals, domestic loans, Initial Public Offering's (IPOs), External Commercial Borrowings, he explained. NLC is contemplating starting a consulting business abroad, initially in Sri Lanka, Bhutan, Nepal, Myanmar, Africa, and the Middle East and acquire battery mineral assets overseas - especially in Vanadium, Cobalt, Lithium and Copper, among others, he said. Recently, NLC got two critical mineral blocks in Chhattisgarh and with that experience the company is exploring the possibilities of critical mineral mining abroad also. "Some due diligence is being done for some lithium mines in Mali. And some copper and cobalt mines in the African state of Congo. So, we are open for exploration of critical minerals across the globe. We are finding opportunities and doing due diligence to take it forward," he said.
Time of India
3 days ago
- Business
- Time of India
NLC India in advanced talks with Russian firm; to source lithium from African mines
NLC India , a state-owned enterprise, is in advanced negotiations with a Russian government-backed entity to secure lithium supplies from its mine in Africa, marking a key step in securing critical minerals for India's energy transition. This initiative is crucial as India implements strategies to secure consistent lithium supplies to support its clean energy objectives. According to PTI, quoting sources, NLC India is negotiating with a Russian public sector firm regarding equity participation in a lithium mining block situated in Mali, Africa. India's focus extends to both domestic and international lithium block exploration and development, driven by increasing demand from electric vehicle battery producers. NLC India's primary operations encompass coal and lignite mining alongside power generation. The public sector undertaking has expanded its portfolio to include renewable energy and coal mining ventures both within India and internationally. The company successfully secured two strategic mineral blocks during the fifth auction round, acquiring phosphorite and limestone blocks in Chhattisgarh. NLC India Ltd announced a substantial increase in consolidated profit, reaching ₹468.46 crore for the quarter ending March 2025, more than four times higher than ₹113.95 crore recorded in the same period last year.
Time of India
3 days ago
- Business
- Time of India
NLC India in advanced talks with Russian firm; to source lithium from African mines
NLC India , a state-owned enterprise, is in advanced negotiations with a Russian government-backed entity to secure lithium supplies from its mine in Africa, marking a key step in securing critical minerals for India's energy transition. This initiative is crucial as India implements strategies to secure consistent lithium supplies to support its clean energy objectives. According to PTI, quoting sources, NLC India is negotiating with a Russian public sector firm regarding equity participation in a lithium mining block situated in Mali, Africa. India's focus extends to both domestic and international lithium block exploration and development, driven by increasing demand from electric vehicle battery producers. NLC India's primary operations encompass coal and lignite mining alongside power generation. The public sector undertaking has expanded its portfolio to include renewable energy and coal mining ventures both within India and internationally. The company successfully secured two strategic mineral blocks during the fifth auction round, acquiring phosphorite and limestone blocks in Chhattisgarh. NLC India Ltd announced a substantial increase in consolidated profit, reaching ₹468.46 crore for the quarter ending March 2025, more than four times higher than ₹113.95 crore recorded in the same period last year.
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Business Standard
4 days ago
- Business
- Business Standard
NLC India in advanced talks with Russian govt firm for sourcing lithium
State-run NLC India is at an advanced stage of discussions with a Russian government-owned company for sourcing lithium from its mine in Africa. The development assumes significance as India is taking measures to ensure a stable supply of lithium to meet the country's clean energy demand. Sources privy to the development said that NLC India is in talks with a public sector company of Russia for equity participation in a lithium block in Mali, Africa. India is focusing on exploring and developing lithium blocks both in the domestic market and overseas, as the demand for this critical mineral is growing, particularly from electric vehicle battery manufacturers. NLC India's core business includes the mining of coal and lignite as well as power generation. The PSU has diversified into the renewable energy and coal mining business in India and abroad. The company had bagged two critical and strategic mineral blocks in the fifth round of auction. It won two phosphorite and limestone blocks in the state of Chhattisgarh. NLC India Ltd reported an over four-fold jump in its consolidated profit at ₹468.46 crore in the quarter ended March 2025. The company had posted a consolidated profit of ₹113.95 crore in the year-ago period.
New Indian Express
5 days ago
- Politics
- New Indian Express
'My house has been bugged,' says PMK Ramadoss
CUDDALORE: PMK founder S Ramadoss on Friday alleged that a high-end surveillance device was discovered concealed near a chair at his residence, raising serious concern about eavesdropping. 'A sophisticated foreign-made bugging device was found near my chair. We are investigating who is behind this,' Ramadoss told reporters after a party meeting at Virudhachalam. Speaking at the PMK district general body meeting, Ramadoss reiterated his commitment to continue protests against NLC India Ltd. until justice is served for people who lost land and homes to the company. 'We have organised several protests, but NLC has refused to address our demands. Our agitation will continue until rightful compensation and rehabilitation are given,' he said. Highlighting his 46-year political journey, Ramadoss criticised successive governments for ignoring demands for caste-based reservation for Vanniyars.
