NLC India Ltd and Kobe Steel Limited (KSL), Japan had earlier proposed to carry out a pilot plant testing on suitability of Neyveli lignite for upgradation and for use as fuel in ultra super-critical boilers. An MoU was entered between KSL and NLCIL to undertake a R&D feasibility study for setting up a UBC based pilot power generation facility in Neyveli. The feasibility study has recommended that the project is not economically viable and hence the R&D Project was not pursued further.
Hahahaha and so many downrampers wasted months/years banging on about Kobe being our major competition.
You know who you are, Hang your heads in shame.
ESI Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
