Government-owned mining majors NLC India Ltd and Coal India Ltd have formed a joint venture to develop solar and thermal power assets to the tune of 5,000 megawatts of power. Both companies will hold equal 50:50 equity in the joint venture company.
Its projected capital expenditure up to the year 2025 is ₹1.28 lakh crore with a debt-equity ratio of 70:30. Coal India is the single largest coal producer worldwide and operates through 83 mining areas spread over eight states in India. It produces 607 million tonnes of coal annually. NLC India Limited is a ‘Navratna’ government of India company in the fossil fuel mining sector in India and thermal power generation.
Important takeaways for all competitive exams:
National Space Day 2026 celebrated on 23rd August, 2026 in in honor of one of…
Mangrol, the third ASW-SWC, which has more than 80% indigenous content, was handed over to…
India has come up with its first-ever Soil Texture Map by the National Bureau of…
President Droupadi Murmu will present the National Teachers’ Awards 2026 on 5 September 2026 (Teachers'…
Mobile Phone Manufacturing Scheme (MPMS) of INR 62,500 Crore has been announced by the Centre…
Sophie Adenot is a French engineer, helicopter test pilot, military officer and European Space Agency…