B Surender Mohan, CMD of Neyveli Lignite says PSU has received a letter from the Department of Disinvestment (DoD) on five percent stake sale in the company.
Neyveli Lignite has announced its fourth quarter results. AR Ansari, CMD of Neyveli Lignite says, the performance of FY11-12 is extremely encouraging. The company, he says, is contemplating to add another 500 megawatts, 2x250 megawatts to the capacity.
The cabinet on Thursday approved Neyveli Lignite‘s proposal for formation of a joint venture company with Uttar Pradesh Rajya Vidyut Utpadan Nigam to set up a thermal power project in Uttar Pradesh.
AR Ansari, CMD of Neyveli Lignite, in an interview with CNBC-TV18’s Udayan Mukherjee, said that the ongoing problem with Tamil Nadu Electricity Board and the company will be solved in no time as the electricity board has agreed to pay its dues.