NLC privatization ruled out

By SiliconIndia   |   Thursday, 19 December 2002, 08:00 Hrs
Printer Print Email Email
Uma Bharti, Coal and Mines Minister, on Thursday ruled out privatization of the profit-making Neyveli Lignite Corporation (NLC).



NEW DELHI: However, she said the government is exploring possibilities for joint ventures with coal producing companies for setting up power projects in power deficient States.

"NLC will never be privatised," Uma Bharti said.

The minister said she was not against disinvestment and privatization.

Dedicating the 210 MW stage-I expansion of the thermal power station-I here, she said the lignite major would utilise its expertise in power production while coal companies would bring in their mining expertise to bring about synergies.

Coal Secretary P K Mishra said NLC should shake off its regional presence and move into other States as lignite reserves were limited.





SPOTLIGHT
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..