Neyveli Lignite gets GoI approval to form JV with UPRVUNL

Neyveli Lignite Corporation Ltd has informed BSE that pursuant to the Memorandum of Understanding entered into with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL), the Cabinet Committee on Infrastructure, Government of India has accorded its approval for formation of Joint Venture Company with UPRVUNL with shareholding of 51% of the equity capital by NLC and 49% by UPRVUNL for selling up of a 1980 MW coal based Thermal Power Project in Ghatampur Tehsil, Kanpur Nagar District of Uttar Pradesh. At a function held on June 11, 2012 at Ghatampur, Kanpur District, Union Minister for Coal, Shri. Sriprakash Jaiswal laid foundation stone for the above project.Source : BSE

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