NLC India with Rs 4,400 cr to set up methanol project in Neyveli

17 Jun 2022 CW Team

NLC India Limited (NLCIL), which is a Navaratna Public Sector Undertaking (PSU) under the Ministry of Coal, plans to invest Rs 4,400 crore to set up a methanol project using lignite in Neyveli, Tamil Nadu.

This project will be the first of its kind in the state, with a capacity of 1,200 tonnes per day or 0.40 million tonnes per annum (mtpa) and will be commissioned in 2027.

According to a report, NLCIL has urged the Ministry of Coal to include the project in the Centre鈥檚 proposed production-linked incentive (PLI) scheme to provide a financial incentive for every unit of product sold.

The PSU has appointed Engineers India Limited (EIL), which is also a Navaratna PSU body under the Ministry of Petroleum and Natural Gas, as the project management consultant for the project.

EIL鈥檚 experience in the hydrocarbon sector, with NLCIL鈥檚 strong project implementation team and experience would successfully help in project completion.

National Institution for Transforming India (NITI) Aayog will monitor the successful implementation of this project.

Also read: NLC India begins coal supply to NTPC Darlipali in Odisha

Infrastructure Transport

20 Jun 2025

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..

Infrastructure Urban

20 Jun 2025

INDEA Lays Foundation for India鈥檚 First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..

Infrastructure Transport

20 Jun 2025

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..