InvestorQ : What is the nature of the joint venture between NLC and Coal India?
Moii Chavate made post

What is the nature of the joint venture between NLC and Coal India?

Answer
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Sam Eswaran answered.
3 months ago


NLC India, formerly Neyveli Lignite Corporation, signed an agreement with another mega PSU, Coal India Ltd, to form a joint venture. This JV will develop 5000 megawatts of solar and thermal power assets across the country. NLC and Coal India will have a 50:50 participation in the JV. It is for the first time that two mega PSUs are combining their synergies in the power sector.