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NLC India board sanctions investment proposals worth Rs 14,945 cr

Friday, 22 Jul 2022
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NLC India’s board has approved investment proposals to the tune of Rs 14,944.91 crore for setting up power and mining projects in Tamil Nadu. 
The company plans to invest over Rs 43,000 crore in various power and mining projects. 
The company's Board of Directors has approved the investment proposal for establishing Mine-III with a peak capacity 11.50 million tpa and normative capacity 8.71 million tpa at Neyveli at an estimated cost of Rs 3,755.71 crore. 
The board has also approved investment proposal to set up TPS-II second expansion thermal power station (2 X 660 MW) at Neyveli, at an estimated cost of Rs 11,189.20 crore.
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