NLC puts overseas acquisitions on the backburner after acquiring domestic coal blocks

Having secured three coal blocks through the preferential allocation dispensation for government companies, NLC Limited (formerly Neyveli Lignite Corporation) has abandoned plans for overseas acquisition of coal assets. NLC has been allocated two coal blocks in the eastern Indian province of Odisha and one in Madhya Pradesh, in central India, which a company official has said will be “sufficient” to meet the demand for feed of the company’s future thermal power plants and for merchant sales to other power utilities.