Q&A with ECT, page-171

Pauper, I've asked the mods to delete my last post. Here's the actual copy and paste.

Would this pass as a 'real fact' ... 'evidence' from NLC's 2015 AR:

Your Company was approached by M/s. Kobe Steel Limited (M/s KSL), a major Steel & Engineering Company in Japan, to undertake a study on "Up-gradation of Brown Coal" (UBC) through a process involving removal of moisture from lignite and to upgrade the lignite into a high calorific value product having reduced CO, emission. In this connection an MOU has been entered into with M/s. KSL for "Setting up a UBC based Pilot Power Generation Plant in Neyveli" at an estimated cost of Rs. 61.62 lakh to be shared equally. M/s.KSL had earlier undertaken a study on UBC of lignite from Neyveli Mines and successfully test fired the lignite pellets in Ultra Super Critical Boilers in Japan.

pages 22-23
https://www.nlcindia.com/investor/annual_report1415.pdf

In the same report under the heading 'Technology Absorption' on page 43, item j, we get

M/s Environmental Clean Technologies Ltd., Australia, M/s National Mineral Development
Corporation and NLC proposed to take up a small pilot scale study for producing composite pellets
from Neyveli lignite and iron ore through MATMOR Process, for producing iron ingots with high purity
by using lignite instead of coking coal. It is proposed to conduct a feasibility study for setting up the
above integrated pilot project at Neyveli.

I'd say the emphasis is a clear indication of what really interests NLC, at this stage. It seems to fit nicely with the company's plans to expand and diversify their activities. Don't you think?

DYOR.