Neyveli Lignite Corporation Ltd decided to close fertiliser unit.
Power generation and lignite mining, which were totally paralysed due to the strike, commenced at 9:30 pm.
Operations in the Neyveli Lignite Corporation remained paralysed as the indefinite strike by its workers protesting the Centre's decision to disinvest 10 per cent shares in the public sector company entered the third day on Thursday.
Neyveli Lignite Corporation Ltd's board will meet on January 28 to consider unaudited financial results for the quarter ended December 31, 2002.
Neyveli Lignite Corporation Ltd has posted a net profit of Rs 1860.90 million for the quarter ended December 31, 2002 as compared to a net profit of Rs 1966.50 million in the quarter ended December 31,2001.
This includes distancing themselves from the new and emerging super-critical technology.
Marumalarchi Dravida Munnetra Kazhagam leader Vaiko was arrested in Neyveli, Tamil Nadu, when he and party workers tried to picket the Neyveli Lignite Corporation office, demanding that the public sector unit stop power supply to Karnataka, which has stopped release of Cauvery water to Tamil Nadu.
The massive electricity grid failure earlier this week, that left a majority of India in darkness, has impacted the volumes of power generation companies. The worst power black-out in the world hit their revenues by an estimated Rs 550 crore (Rs 5.5 billion) in two days.
The government on Friday approved sale of its minority stakes in four public sector firms -- Hindustan Copper, Oil India, MMTC and Nalco-- to raise up to Rs 15,000 crore.
The government on Thursday decided to sell 10 per cent shares in Nalco and Neyveli Lignite Corporation.
The lands of some 174 families of Barsingsar village had in 1987 been acquired by the Neyveli Lignite Corporation Limited for establishing a power project.
The agreement formalises the US Trade and Development Agency's programme with Indian public sector undertakings and cover activities like project preparation, trade capacity building, investment analysis and sectoral development.
After a 10-month probe, the Central Bureau of Investigation has decided to file a closure report in the coal block allocation case involving industrialist Kumar Mangalam Birla and former Coal Secretary P C Parakh as the agency could not find any evidence in this matter.
Neyveli Lignite Corporation Ltd is planning to invest Rs 10,000-12,000 crore in setting up power projects. It is also planning to foray into renewable energy, by setting up wind energy farms and solar units.
Aditya Birla flagship Hindalco Industries on Monday said it has entered into a joint venture with Mahanadi Coal Ltd (MCL) and Neyveli Lignite Corporation (NLC) for carrying out mining activities.
Post a correction 14,000 cannot be ruled out post March 2007 results.
Mining and power generation at the public sector Neyveli Lignite Corporation came to a standstill
DMK organising secretary T K S Elangovan says the party is opposed only to the sale of profit-making PSUs.
Telecom monolith Bharat Sanchar Nigam Limited is the top profit-making public sector unit, while steel giant Steel Authority of India Limited had the dubious distinction of topping the list of loss making state-owned enterprises.
State-owned Coal India Ltd has decided to make a foray into power generation and the company is in talks with Neyveli Lignite Corporation to set up a 2000 mw pithead power plant at its subsidiary Mahanadi Coalfields Ltd.
A special court on Monday asked the Central Bureau of Investigation to clarify whether "rule of law" was followed in allocation of coal blocks to top industrialist Kumar Mangalam Birla's Hindalco.
Government headhunters Public Enterprise Selection Board selected Srinivasan after interviewing 11 candidates at its office in New Delhi on Tuesday.
The mishap occurred at the fifth unit of the thermal power station-II (210 MW x 7) when workers were in the process of resuming operations on Wednesday morning.
The Central Bureau of Investigation could question Odisha Chief Minister Naveen Patnaik in connection with alleged irregularities in allocation of coal block to Hindalco as he had written a letter to the Coal Ministry after application of the Aditya Birla company was rejected in 2005.
The government has garnered Rs 2 lakh crore by auctioning 33 blocks.
Since January this year, Indian exporters have begun to dread the shipping news. That's because most of it would be about another lot of shipping companies deciding to avoid Indian ports on account of delays.
Almost all major metal and mining firms would be affected by the Supreme Court ruling canceling 214 coal blocks, but Naveen Jindal's JSPL and Aditya Birla Group's Hindalco would be among the worst hit, analysts said.
The Coal Ministry has issued show-cause to eight firms including Hindalco Industries and Mahanadi Coalfields, and sought explanation from five firms for delays in commencing production from mines allocated to them.
PSU employees will now get an option to subscribe up to 5 per cent of the issue size at a discount after the completion of disinvestment in the concerned state-owned company.
Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore (Rs 430 billion) from divestment proceeds, almost the same level that the government expects to realise from stake sale in PSUs this fiscal.
An Inter-ministerial panel had last month approved 10 per cent equity sale in Coal India. At present, the government holds 90 per cent stake in the firm.
In the factory, workers said Friday was the last day as far as production was concerned.
Lines up seven OFS issues along with half a dozen IPOs for the next few months
Going by the experience of the previous years -- when the actual proceeds from stake sale were much lower than the targets -- the government's disinvestment target for 2014-15 appears too ambitious.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances