NLC India has formulated its Corporate Plan 2030, under which it has proposed a capex of Rs 82,174 crore towards enhancing mining, power generation, and diversification businesses.
The company's roadmap comprises strategic plans to expand its lignite mining capacity from the current 30.10 million tpa to 40.10 million tpa. In coal mining capacity, it will take off from 20 million tpa to 44.00 million tpa by 2030. It envisions a total power generation capacity of 17,171 MW across a mix of lignite, coal-based energy, and renewable energy sources by the same period.
The power major operates three opencast lignite mines at Neyveli in Tamil Nadu and one at Barsingsar in Rajasthan, whereas has mining operations in Talabira-II & III Opencast coal mines at Odisha.
In the renewable segment, NLC India has chalked out plans to create a capacity of 6,031 MW by 2030 through various solar and wind projects, with a projected capex at Rs 23,403 crore. Also, it is implementing pilot-scale projects such as EV charging stations, lignite to diesel, and integrated gasification combined cycle (IGCC) technology projects as well as ventured into M-Sand, lignite to methanol, battery storage and green hydrogen.
Other plans include entering the commercial mining space for coal, with a planned addition of 15 MT, for an aggregate mining capacity of 44 million tpa in the coal sector. The total capex projected for the mining projects during 2023-2030 is Rs 8,351 crore.
Through its subsidiary Neyveli Uttar Pradesh Power (NUPPL), NLC is developing the Pachwara south coal block in Jharkhand, with a capacity of nine million tpa.