B Surender Mohan, Chairman, Neyveli Lignite, discusses the company's future outlook.
The corporation expects to achieve a lignite mining capacity of 49 million tonnes per annum (MTPA) by that year, compared to 30.60 MTPA in the lignite mines of Tamil Nadu/Rajasthan at present, NLC Chairman-cum-Managing Director B Surender Mohan said.
The proposal for disinvestment of Neyveli Lignite equity has not gone well with employees who believe in preserving the public sector character of the mining and power generation company.
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.
B Surender Mohan, CMD, Neyveli Lignite in an interview to CNBC-TV18 said growth in their turnover and profits was mainly due to increase in production and generation.
Public sector Neyveli Lignite Corporation is on track to increase the generation capacity to 10,000 MW in the next ten years, a top company official has said.