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The cabinet has approved opening up coal mining to the private sector for commercial use. In an interview to CNBC-TV18, SK Acharya, Chairman of NLC India spoke at length about the same.
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The NLC India stock will be in focus as a Power Finance Corporation (PFC), Rural Electrification Corporation (REC) and State Bank of India (SBI) consortium will lend about Rs 11,000 crores to the company's power plant in Uttar Pradesh (UP). In an interview with CNBC-TV18, SK Acharya, Chairman of NLC India spoke about the latest happenings in his company and sector.
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Power purchase agreement (PPA) from Tamil Nadu is key to GMR’s Chhattisgarh unit acquisition, SK Acharya, Chairman of NLC India told CNBC-TV18.
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In an interview to CNBC-TV18, SK Acharya, Chairman of NLC India spoke about the acquisition and the latest happenings in the company.
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In an interview to CNBC-TV18, SK Acharya, Chairman of NLC India spoke about the results and his outlook for the company.
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SK Acharya, Chairman, NLC India said they have not yet got any formal guideline on divestment but it is likely to happen in 2-3 months through the offer for sale (OFS) route.
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In an interview to CNBC-TV18’s Latha Venkatesh, Sonia Shenoy, and Anuj Singhal, SK Acharya, chairman of NLC India spoke about the buyback and the interim dividend of Rs 7.34/share declared by the company. He also spoke about the outlook of the company going forward.
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Speaking to CNBC-TV18, SK Acharya, Chairman NLC India said the company will achieve its FY17 growth target and dividends this fiscal will be better than FY16.
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The Cabinet Committee on Economic Affairs (CCEA) has approved Neyveli Lignite Corporation's (NLC) proposal to set up a 1,980 megawatt (MW) thermal power plant in Uttar Pradesh (UP), Chairman SK Acharya told CNBC-TV18.
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Neyveli Lignite has long-term borrowings of Rs 7000 crore. Financing for the power station will come from cash reserves, says SK Acharya, chairman of Neyveli Lignite.
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SK Acharya blames flooding for Neyveli‘s subdued performance in third quarter of this fiscal but expects revenue to grow in the fourth quarter year-on-year (YoY).
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Ved Prakash, CMD of MMTC says the company is likely to post a higher operating profit in the fourth quarter and FY16 PAT will be higher by 25 percent year-on-year
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The government has allotted Talabira II & III coal mines to the company to meet coal requirements for their power projects, said SK Acharya, Chairman, Neyveli Lignite
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Neyveli Lignite posted a 22 percent rise in its net sales to Rs 1,716 crore. Speaking to CNBC-TV18, SK Acharya, Chairman, Neyveli Lignite
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B Surender Mohan, Chairman, Neyveli Lignite, discusses the company's future outlook.
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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.
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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.
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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.
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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.
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In an interview with CNBC-TV18, K Sekar, Director of Finance, Neyveli Lignite gave his perspective on the quarter gone by and the road ahead.
