Latest news with #PrasannaKumarMotupalli
Time of India
6 days ago
- Business
- Time of India
Ghatampur thermal power project a landmark achievement: PM
1 2 Kanpur: Prime Minister Narendra Modi on Friday dedicated Unit-1 (660MW) of Ghatampur Thermal Power Project and termed it as a landmark achievement. The project is a flagship initiative by Neyveli Uttar Pradesh Power Ltd (NUPPL), a collaboration of NLC India Limited (51%) and UP Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) (49%). Chairman, MD NUPPL Prasanna Kumar Motupalli stated that the project has three units of 660 MW each of which, the first operating unit, commissioned in Dec 2024, was dedicated on Friday. Remaining two units are likely to be commissioned by Dec 2025. The power purchase agreement (PPA) has been made for 1487.28 MW, i.e. 75.12% of the power generated with Uttar Pradesh and 492.72 MW, i.e. 24.88% with Assam subject to actual transfer of 20% equity share of UPRVUNL in NUPPL in favour of Assam govt. With advanced technologies like Selective Catalytic Reduction (SCR) and Flue Gas Desulphurisation (FGD) for reducing NOx and (SOx) emissions, respectively and zero liquid discharge (ZLD) system, the plant would play a significant role in power production in the state, he said. It also has sophisticated monitoring devices, including Ambient Air Quality Monitoring Stations (AAQMS) and Continuous Emissions Monitoring Systems (CEMS), he added. CEO NUPPL S Durai Kumar and chief financial officer Ashok Kumar Mani were also present.
The Hindu
6 days ago
- Business
- The Hindu
NIRL, renewable energy arm of NLCIL and Mahapreit sign agreement to collaborate on green energy projects
In a move towards accelerating India's renewable energy goals, NLC India Renewables Limited (NIRL), a wholly-owned subsidiary of NLC India Limited (NLCIL), has signed a joint venture agreement with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT). The JV agreement was signed in the presence of Vikram Dev Dutt, Secretary, Ministry of Coal, Prasanna Kumar Motupalli, Chairman-cum-Managing Director of NLCIL and Bipin Shirmali, Managing Director of Mahapreit. According to NLCIL, this collaboration marks a major milestone in NIRL's strategic expansion and foray into the State of Maharashtra's thriving renewable energy sector. The Joint Venture Company (JVC) to be formed under this agreement will be instrumental in developing up to 2,000 MW of renewable energy projects, including solar, wind, hybrid, floating solar, Battery Energy Storage System, pumped storage and solar parks, with an initial focus on 500 MW in phase I, eventually scaling to 5,000 MW in the State. The Joint Venture company will have an equity structure of 74% held by NIRL and 26% by Mahapreit. Under the terms of agreement, Mahapreit will facilitate in identification and allotment of land for the projects in addition to development of Power Evacuation System in the grid. NIRL, on the other hand, will help in preparing the detailed project reports, arranging finance and developing renewable energy projects. The JVC will undertake power sales through competitive and regulated routes under the Electricity Act, targeting a mix of DISCOMs, government entities and commercial and industrial consumers. According to Mr. Dutt, the signing of this JV agreement between NIRL and Mahapreit is a demonstration of the Union government's commitment to fostering collaborative partnerships that accelerate the country's transition to green energy. Maharashtra's immense renewable energy potential, coupled with NIRL's proven track expertise will serve as a catalyst for sustainable growth and energy security. 'The coal sector is actively supporting the decarbonisation journey, and such partnerships embody the synergy needed to achieve our national targets for renewable energy deployment and climate resilience,' he said.
The Hindu
28-05-2025
- Business
- The Hindu
NLC wins bid for two mineral blocks in Chattisgarh
NLC India Limited (NLCIL) has won the bid for two critical and strategic mineral blocks in the recently concluded Tranche V auction conducted by the Ministry of Mines. A press note said the two blocks — Raipura and Semhardih, both located in Chhattisgarh — contained reserves of phosphorite and limestone, essential minerals in India's fertilizer and industrial sectors. It was worthy to note that, with production of phosphorite from these mines, the huge dependence on import could be reduced and it would contribute significantly towards sustainability and growth of agriculture sector in the country, it added. The Raipura Block was won with a final price offer of 8.6%, while the Semhardih Block was secured with a final offer of 11.05%. These acquisitions were aligned with NLCIL's long-term strategy to expand its presence in the mining of critical minerals, which were increasingly vital for clean energy technologies, fertilizers, electronics, and industrial processes. The acquisition of new mineral assets to complement NLCIL's portfolio — thermal power, lignite mining, renewable energy, and upcoming green hydrogen projects — comes amid NLCIL's strategic push to diversify its resource base and play a vital role in reducing India's dependency on imports and in strengthening the country's industrial and agricultural infrastructure, the company said. Prasanna Kumar Motupalli, CMD of NLC India Limited, stated that the acquisition of these critical mineral blocks was a significant step in supporting the government's vision of ensuring a resilient and sustainable mineral ecosystem. Noting that phosphorite was crucial for food security and the fertilizer industry, the CMD said critical minerals would be the building blocks of new-age technologies, green energy solutions, and national prosperity in the journey towards a sustainable and decarbonised future.
New Indian Express
23-05-2025
- Business
- New Indian Express
NLCIL celebrates 69th Raising Day with tributes, innovations, and new mascot
CUDDALORE: Neyveli Lignite Corporation India Limited (NLCIL) celebrated its 69th Raising Day on Tuesday, commemorating nearly seven decades of service in the energy sector. The celebration began with the garlanding of the statue of Jambulinga Mudaliar, who had donated land for the formation of NLCIL. The NLCIL flag was hoisted at all units by respective unit heads. At the corporate office, CMD Prasanna Kumar Motupalli hoisted the flag in the presence of former CMDs, senior officials, trade union and association representatives, and employees. A smart automatic sliding glass door, equipped with sensor-based technology to identify employees and visitors, was inaugurated at the corporate office entrance by the CMD Prasanna Kumar Motupalli. A formal function was held in the evening at Lignite Hall. Former CMDs were felicitated for their contributions. A new mascot, a lion named Neyon, was unveiled to serve as the brand ambassador for NLCIL, symbolising power and progress. Delivering the presidential address, CMD Prasanna Kumar Motupalli said, 'We pay our tributes to Jambulinga Mudaliar, the man behind the formation of NLCIL. We also express our gratitude to all employees, stakeholders, and their families who were part of the company's journey.' A book titled 'The Guiding Light – NLCIL Ethics Book' was released to inspire employees to make decisions rooted in ethics and integrity. Ten retired employees and their spouses were honoured by the CMD, functional directors, and chief vigilance officer (CVO), recognising their role in the evolution of NLCIL.
The Hindu
22-05-2025
- Business
- The Hindu
NLCIL unveils new mascot during Raising Day fete
NLC India Limited (NLCIL) unveiled a new mascot and reaffirmed the organisation's commitment to achieve a three-fold increase of over 100 Million Tonnes (MT) of lignite by 2030 during the 69th Raising Day celebrations held on Tuesday, May 20, 2025. A press note said 'Neyon', a lion that symbolises power and progress, will henceforth be the brand ambassador for the company. NLCIL CMD Prasanna Kumar Motupalli hoisted the NLCIL flag in the presence of former CMDs, senior officials, representatives of trade unions and associations, and employees. Later, the organisation's flag was hoisted across units by the respective leads. The CMD also launched an automatic, smart sliding glass door with the technology to identify employees and visitors with the help of sensors, installed at the entrance to the corporate office. Addressing staff, Mr. Motupalli said the outstanding financial results of 2024-25 and the all-time high profits of the company will motivate 'Team NLCIL' to work with more commitment. He said the NLCIL had fixed targets – achieving more than 100 Million Tonnes (MT) of lignite from the present 44 Million Tonnes in Mining, a three-fold increase in its total power generation capacity and increasing Renewable Energy output sevenfold by 2030. 'This requires concerted effort from a team of skilled workforce that can work with high competency levels through continuous learning and updation of expertise,' he said. He also emphasised the importance of ensuring the commissioning of Units II and III of Ghatampur Thermal Power Plant (TPP), despatch of coal from the Pachwara South Coal Block to Ghatampur TPP and progress of all other upcoming thermal projects on time. The CMD paid tributes to Jambulinga Mudaliar, the philanthropist whose donated land set the stage for establishing the company, and employees and stakeholders of yesteryears and their families who were responsible for the evolution and growth of NLCIL. He was joined by functional directors, executives and others in felicitating 10 elderly retired employees of NLCIL and their spouses. Awards were distributed under various categories like productivity excellence, efficiency, overall performance and safety for industrial and service units in addition to the 'Elite' and 'Excel' group/individual awards. Samir Swarup, Director (HR), NLCIL, also spoke. A book titled 'The Guiding Light – NLCIL Ethics Book,' designed to guide, inspire and empower employees to make decisions grounded with ethics and integrity, was released on the occasion. NLCIL's functional directors, CVO, senior officials, executives, employees, representatives of recognised trade unions, welfare associations, NLC SC/ST welfare federations, WIPS, school teachers, students and the general public attended the event. A cultural event featured a Bharatanatyam recital by artiste and Padma Bhushan awardee Shobana. Cultural programmes were also presented by NLC schoolchildren and students of SNEHA Opportunity School, Neyveli.
