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Neyveli Lignite Corporation Ltd. Company History and Annual Growth Details


- The Corporation was incorporated as a private limited company on 14th
November, by the Government of India. The company undertake mining and
processing of lignite, generation and distribution of power,
manufacture of fertiliser, chemicals, etc. Briquetting and
carbonisation of lignite and processing and sales of clays of all
kinds. The Corporation's main products are lignite, electric power,
urea, leco, coke fines, nekolin and pulverised nekolin.


- In February, sanction was received to set up a second thermal power
station comprising three 210 MW units.


- Out of the total shares issued till date, 17,65,509 shares were
issued for cash, 6,01,500 shares were issued by converting Govt. loan
into equity and 43,733 shares issued without payment in cash.


- M/s. Rheinbraun were appointed technical consultants for the
expansion project.

- Development Consultants Pvt. Ltd. (DCPL) were appointed Indian
Consultants for the project and Lahmeyer International of West Germany
were appointed retainer consultant to look into the lignite firing
aspects and to scrutinise tenders for import of milling and firing
equipment, etc.


- Letters of Intent were issued in December for 3 nos. of 1400 litres
BWEs, 3 nos. of 700 litres BWEs, 400 mm and 2000 mm width conveyors.
Letters of intent for spreader was issued in May 1986.

- 2,23,500 No. of Equity shares issued for cash.


- It was converted into a public limited company on 7th March. The
Corporation's activities are conducted by five units - mines, thermal
power station, fertiliser plant, briquetting and carbonising plant and
clay washing plant.

- In January, a supplementary feasibility report for first mine
expansion and a report on setting up a Power Station of 2 x 210 MW were
submitted to the Government of India. Unit-II was commissioned.

- The Company along with Engineers India Ltd., entered into a contract
with Gujarat Mineral Development Corporation for monitoring expansion
of Panandhro mine including construction, supervision, Cost minitoring,
inspection and approval of drawing etc.

- The Corporation issued 5,00,000-14% ('A' Series) secured redeemable
non-convertible bonds of Rs 1000 each at par. These bonds are
redeemable at par after the expiry of 7 years from the date of

- 6,72,000 No. of Equity shares issued for cash.


- The Unit-I was commissioned.

- The 400 KV transmission system viz., 400 KV line between
Neyveli-Chennai, 400 KV line between Neyveli-Pondichery along with the
switching stations/sub-stations were commissioned.

- During October, the Company issued 8,50,000 - 9% (tax-free) and 13%
(taxable) secured redeemable non-convertible ('B' Series) bonds of Rs
1000 each for cash at par aggregating Rs 85 crores, of which (i)
3,50,000 bonds were offered on private placement basis (all were taken
up) and (ii) 5,00,000 bonds to the public. Additional 38,274 bonds
were allotted to the public on 19th December, 1987 to retain

- 11,33,100 No. of Equity shares issued for cash.


- An agreement was entered into with ICB of India for the preparations
of the techno feasibility report for revamping the urea plant in
consultation with the original supplier, viz., Technimont, Italy.
Introduction of three grove forms and stamps in more number of presses.

- The Bonds of 'C' series and 'D' series to the value of Rs 200 crores
and Rs 120 crores respectively were issued under private placement
basis. It was also proposed to issue 'E' series bonds to the extent of
Rs 400 crores to meet the capital expenditure of the various expansion

- 16,16,900 No. of Equity shares issued for cash.


- 29,10,000 No. of Equity shares issued for cash.


- Four electro static precipitators were erected and commissioned in
thermal power station-I.

- 9,80,000 No. of Equity shares issued for cash.


- By virtue of Fertiliser plant shut down for a period of about 20 days
on account of annual turnaround. Moreover plant was shut down once
again for a period of 5 days due to strike by workers. Added to these
was the power failure and other break downs.

- The 170 Km. long Neyveli-Salem second circuit 400 KV line was
commissioned apart from the commissioning of second 315 MVA transformer
at Udamalpet sub-station was also commissioned.

- Shares amounting to Rs 71791.30 crores of the corporation were
disinvested and transfered to various financial institutions, mutual
funds, nationalised banks etc. These were listed in the Stock
Exchanges at Chennai, Mumbai, Delhi and Ahmedabad.

- Equity shares sub-divided. 1520,00,000 No. of Equity shares issued
for cash.


- Shares amounting to Rs 104.37 crores representing about 7.27% of the
paid-up capital as on 31.03.1991 (6.45% of 1992-93) were disinvested
and were listed on Ahmedabad, Mumbai, Delhi and Chennai Stock

- 511,57,500 No. of Equity shares issued for cash.


- During the year, a contract was signed with M/s. PDIL, Sindri for
installation & Commissioning of an efficient treatment plant for the
fertilizer factory.

- Action was taken for modernisation of instrument system and for
conducting a study for revamp of plant. A separate Nitrogen plant was
planned and M/s. Lurgi were appointed as consultants.

- The Company disinvested 717,91,300 No. of equity shares at an average
price of Rs 11.46 per share.

- Permission was received for establishing a 250MW lignite based
thermal power plant subject to certain conditions.

- 964,32,500 No. of Equity shares issued for cash.


- 833,70,000 No. of Equity shares issued for cash.


- Two Electro Static precipitators were commission in Boiler-4 and 7A.


- Bucket wheel excavator was released for rejuvenation works on 6th

- Production was affected due to power failure voltage dips and
subsequent start up and stabilisation of the plant, problem in one of
the gasifiers due to oxygen compressor in July and to attend the
breakdown and leaks in ammonia/urea plants.

- Steps were taken for replacement of existing 3 ammonia convertors by
a single convertor of improved technology by placing orders on M/s.
Projects & Development India Ltd., Sindri.

- In February, sanction was received for the addition of 2 units of 210
MW each in thermal power station-I.


- The Neyveli Lignite Corporation (NLC) has entered into a loan
agreement for DM 375.20 million (about Rs.750 crore) with KFW,

1998 - The public sector Neyveli Lignite Corporation Ltd (NLC), has
exceeded targets set for power generation, power export, production of
coke and overburden removal for May.

- The Letter of Intent (Lol) to Ansaldo was issued on Aug. 11,

- The Neyveli Lignite Corporation (NLC) is set to take up a sizeable
equity stake in the 250 MW lignite-based power project being
established at Srimushnam in the state by Tamil Nadu Industries Captive
Power Company Ltd (Ticapco), a subsidiary of BSES Ltd.

- Neyveli Lignite Corporation Ltd (NLC) will add two 210-mw units to
its thermal power station-I (TPS-I).


- The Neyveli Lignite Corporation (NLC) had entered into an agreement
with ST-CMS, an US power generating private company to set up a 250 mw
thermal power station here and to supply lignite.

- The Neyveli Lignite Power Corporation (NLC) will continue to provide
about five million units of power a day to Karnataka with minimum

- The proposed joint venture of Neyveli Lignite Corporation (NLC) and
the National Thermal Power Corporation (NTPC) for putting up a
1,200-1,500 MW lignite-based power plant using the lignite from NLC's
mine-III, may not materialise at all.


- Neyveli Lignite Corporations's (NLC) two power stations have bagged
the meritorious productivity award of the Union government for 1997-98.

- The Department of Company Affairs, Ministry of Law, Justice and
Company Affairs has confirmed the reduction in the share capital from
Rs 17,96,78,42,000 to Rs 16,77,70,96,000 for transfer of Power
Transmission System to Power Grid Corporation of India Ltd.

- China will enter into a joint venture with Neyveli Lignite
Corporation (NLC) for Lignite mining project in India.

- The eight unit of Neyveli Lignite Corporation's first thermal power
station has been recommissioned and synchronised with the Tamil Nadu


- Power Finance Corporation (PFC) has committed to extending a loan of
Rs 1,000 crore to the Neyveli Lignite Corporation (NLC) for its Mine-II
and TPS-II expansion project


-Earns Rs 950 crore profit during 2001-2002 fiscal

-Signs MoU with Rajasthan government to set-up a lignite-based thermal power station at Barsinger in Bikaner district

-S Jayaraman takes over as CMD of Neyveli Lignite

-Fire breaks out at Neyveli Lignites' lignite transfer system at Thermal Power Station - II

-Unveils two new units (the first 210-MW unit of TPS-1 and the fourth overburden system of Mine-1A project)


-Enters into MOU with Tamil Nadu Electricity Board for setting up of 100 MW Thermal Power Station at Tuticorin in Tamil Nadu

-Delisting of equity shares of the company from Madras, Delhi & Ahmedabad Stock Exchanges.

-Got the statutory clearances for expanding the capacity of its Mine II from 10.5 million tonnes per annum to 15 million tonnes per annum

-Appointed 1. V K Pandit
2. R Vijayaraghavan
3. P K Sengupta
4. D Babu Paul
5. Deepak Singh
6. Shailendra P Singh
7. Sunil Bhargava. as Non Official Part Time Directors

-Shri A R Ansari has assumed charge as Director (Planning & Projects) of the company

-- K Skandan relinquishes as Part Time Official Director of the company

-Neyveli Lignite Corporation Limited has informed that the shares of the company have been delisted from the Delhi Stock Exchange Association Ltd and Madras Stock Exchange Ltd w.e.f. December 10, 2003 and December 12, 2003 respectively.


-Neyveli Lignite Corporation Limited has informed that the equity shares of the Company have been delisted from The Stock Exchange, Ahmedabad with effect from January 15, 2004.

-NLC bags ISO quality certification

-NLCL ties up with ONGC


-Neyveli Lignite Corporation enters into an MoU with Rural Electrification Corporation for funds up to Rs 2,500 crore

-Neyveli Lignite enters into JV with TNEB

-Neyveli Lignite Corporation Ltd on December 21, 2005, has appointed Shri. D Rajendran, I.A.S. Secretary to Government of Tamilnadu, Industries Department as an Additional Director of the Company.


- Neyveli Lignite Corporation Ltd has appointed Shri S P Seth, Additional Secretary to Government of India, Ministry of Coal as a part-time Official Director on the Board of the Company in place of Shri Pradeep Kumar, former Special Secretary, Ministry of Coal.


-Neyveli Lignite Corporation Ltd has appointed Shri. Y N Appa Rao, Shri. Shashi Kumar, Dr. Krishna Kumar, Shri. Ravindra Sharma, Shri. S Rammohan, Sri. P K Choudhury, Shri. S Sadagopan, as Additional Directors of the Company.


- Neyveli Lignite Corporation Ltd has appointed Shri. R Kandasamy as an Additional Director of the Company with effect from September 17, 2009.

- Neyveli Lignite Corporation Ltd has appointed Shri. K. Sekar, who has assumed charge as Director (Finance), as an Additional Director of the Company with effect from October 01, 2009.


- Neyveli Lignite Corporation Ltd has informed that Shri Sanjay Govind Dhande, has been inducted as an Additional Director on the Board of Directors of the Company with effect from June 26, 2010.
Oct 21, 12:00 am
Oct 21, 4:14 pm
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