NLC to take up projects in Tuticorin, Chennai

NEYVELI, AUG. 15. The Neyveli Lignite Corporation (NLC) would soon emerge a national player in power generation, as its plans to take up power projects in Tuticorin, Chennai and Orissa are in various stages of formulation, said S. Jayaraman, chairman-cum-managing director.

Address the Independence-Day celebrations organised by the NLC here today, Mr. Jayaraman said the NLC was planning to take up operation and maintenance of the Akrimoto power station of the Gujarat Mineral Development Corporation and mining consultancy for the Rajasthan Mineral Development Corporation.

The Thermal Power Station (TPS-II) and Mine-II expansion projects and Rajasthan projects were at advanced stages of Government approval. On successful completion of these projects, the NLC would assume the role of a national player in power generation.

Mr. Jayaraman said since its inception in 1962, the company was progressively expanding the generation capacity from 250 MW to 2,490 MW as on date.

During the financial year 2003-04, the NLC's sales turnover was Rs. 2,807.54 crores compared to Rs. 2,681.48 crores the previous year, and earned a net profit of Rs. 1,143.51 crores. He said the Forbes magazine had rated NLC among the top 2,000 companies in the world.

The NLC won many laurels — golden shield and certificate from the Union Ministry of Power for outstanding performance of the TPS-I during 2003-04, and both the TPS I and II had been selected for silver shield and certificate.

However, the CMD said the production in the TPS-II suffered during this first quarter owing to the inability of Mine-II to supply adequate quality of lignite. He hoped that the officials and employees would make this up to enable the NLC to achieve the annual target and stressed the need for cost reduction in every sphere of activity.

Mr. Jayaraman said the NLC proposed to increase the outlay for peripheral development for augmenting water supply, extending support to village schools and so on. An ex gratia of Rs. 10 crores was paid to 1,974 former employees through Lok Adalats as settlement towards claims for enhanced gratuity, and a sum of Rs. 45 lakhs was disbursed towards pension benefits of 35 deceased employees recently.

Fire-fighting vehicles

The CMD handed over the keys of the five newly-procured fire-fighting vehicles to the Fire Officer, and gave away awards and certificates to fire service and vigilance personnel and students of NLC-run institutions.

Directors, R. Narasimhan, K.S. Anandan, J.L. Prasanna Kumar, R.N. Singh, and A.R. Ansari, and the Chief Vigilance Officer, V. Narayanan, were present.

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